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
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