UBS Leases 26,537 SF Office Space At 2323 Cedar Springs In Dallas With Granite Properties
2323 Cedar Springs
Building Size
26,537 SF
Asset Type
Office
Closing
Feb 10, 2026
AI
The property asset involved in this transaction is an office space located at 2323 Cedar Springs in Dallas, with a total square footage of 26,537. UBS has leased this space, specifically situated on the 20th floor of 23Springs, and plans to take occupancy in the upcoming summer.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2323 Cedar Springs
- Market: Dallas
- Landlord: Will Hendrickson - Granite Properties
- Tenant: Sergio Ermotti - UBS
- Landlord's Representative: Robert Jimenez, Burson Holman & Elizabeth Fortado - Granite Properties
- Tenant's Representative: Bill McClung & Robbie Baty - Cushman & Wakefield
This lease transaction showcases the collaboration between key representatives. UBS was represented by Bill McClung and Robbie Baty from Cushman & Wakefield, while the landlord, Granite Properties, had its interests represented by Robert Jimenez, Burson Holman, and Elizabeth Fortado, confirming a concerted effort by both sides to finalize the deal.
Players
Dallas 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