King & Spalding Signs 52,826 Square Foot Lease At 2323 Cedar Springs Road In Dallas
2323 Cedar Springs Road
Building Size
52,826 SF
Asset Type
Office
Closing
Sep 22, 2026
About this deal
AI
The transaction involves an office asset located at 2323 Cedar Springs Road in Dallas, TX, with a total square footage of 52,826. The building is part of the 23Springs development operated by Granite Properties and Highwoods Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2323 Cedar Springs Road
- Market: Dallas, TX
- Landlord: Granite Properties & Highwoods Properties
- Tenant: King & Spalding
- Landlord's Representative: Robert Jimenez, Burson Holman & Elizabeth Fortado - Granite Properties
- Tenant's Representative: John Izard, Carla Williams, Tom Sutherland & Ryan Hoopes - Cushman & Wakefield
King & Spalding has signed a lease for the entire 12th and 13th floors of the building and plans to occupy the space starting in the second quarter of 2027. The negotiation included representation from Cushman & Wakefield for the tenant while the landlord handled representation in-house.
On the Map
Office
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Players
Cedar Springs Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93