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2323 Ross Avenue

Jackson Walker LLP Expands Lease To 147915 Square Feet At KPMG Plaza Dallas With Landlord Masaveu Real Estate
LEASEDOffice

Jackson Walker LLP Expands Lease To 147915 Square Feet At KPMG Plaza Dallas With Landlord Masaveu Real Estate

2323 Ross Avenue

Building Size

147,915 SF

Asset Type

Office

Closing

Jan 23, 2025

AI

The asset involved in this transaction is an office property located at 2323 Ross Avenue in Dallas. The total square footage of the asset is 147,915, which has been leased at KPMG Plaza. The transaction was finalized on January 23, 2025.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2323 Ross Avenue
  • Market: Dallas
  • Landlord: Masaveu Real Estate
  • Tenant: Jackson Walker LLP
  • Landlord's Representatives: J.J. Leonard, Marissa Parkin & Matt Wieser - Stream Realty Partners
  • Brokers: Jeff Ellerman - Stream Realty Partners; Phil Puckett - CBRE

Jackson Walker LLP extended and expanded its lease, increasing its footprint to occupy nearly six floors within the KPMG Plaza. Stream Realty Partners acted as representatives for the landlord, Masaveu Real Estate, and CBRE represented the interests of the tenant for this transaction.

Players

Matt Wieser

Stream Realty Partners⁠

Broker

4 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