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GEICO Signs 198000 Square Foot Office Lease At Galatyn Commons In Richardson With Landlord Mapletree

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LEASED

Texas

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Office198,000 SF
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GEICO Signs 198000 Square Foot Office Lease At Galatyn Commons In Richardson With Landlord Mapletree

2375 North Glenville Drive

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Office198,000 SF
Leased
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:198,000 SF
Transaction Type:Lease

The property asset involved in this transaction is a 198,000-square-foot office located at 2375 North Glenville Drive in the Richardson market. The asset is part of the Galatyn Commons campus owned by Mapletree.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2375 North Glenville Drive
  • Market: Richardson
  • Landlord: Hiew Yoon Khong - Mapletree
  • Tenant: GEICO

GEICO signed a lease for the office space, expanding into Building D while already fully occupying Building B. This transaction aligns with GEICO's plans to hire 1,000 new employees across its three buildings in Richardson over the next two years.

Details

LEASED
IMAGE: Hiew Yoon Khong DATE: 02/13/2026 ADDRESS: 2375 North Glenville Drive MARKET: Richardson ASSET TYPE: Office ~ SF: 198,000 LANDLORD: Hiew Yoon Khong - Mapletree TENANT: GEICO NOTE: GEICO signed a 198,000-square-foot office lease at Galatyn Commons, expanding into Building D in addition to its full occupancy of Building B.Owned by Mapletree, the campus will accommodate GEICO’s plan to hire 1,000 new employees across its three Richardson buildings over the next two years.

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Deal Type
Effective Rent (Annual)

$11,349,240.52

Total Lease Value

$113,492,405.18

Net Landlord Cash Flow$11,349,240.52