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2323 Cedar Springs

UBS Leases 26,537 SF Office Space At 2323 Cedar Springs In Dallas With Granite Properties
LEASEDOffice

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:

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

Robbie Baty

Cushman & Wakefield

Broker

8 deals

Broker

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