Lockton Signs 100,000 Square Foot Lease At Victory Commons One In Dallas With Affinius Capital
2601 Victory Avenue
Building Size
100,000 SF
Asset Type
Office
Closing
Feb 14, 2025
AI
The property asset involved is a 100,000-square-foot office space located at 2601 Victory Avenue in Dallas. The lease was signed for a significant portion of this space, as Lockton is set to relocate from 2100 Ross Ave. to Victory Commons One by early 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2601 Victory Avenue
- Market: Dallas
- Landlord: Len O'Donnell - Affinius Capital
- Tenant: Steve Idoux - Lockton
- Landlord's Representative: Bill Brokaw & Karch Schreiner - Hillwood Urban
- Tenant's Representatives: Dan Harris & Randy Cooper - Stream Realty Partners; Mike Mayer - Cushman & Wakefield
Lockton's move to the new 15-story tower was facilitated by Cushman & Wakefield and Stream Realty Partners, who represented the tenant. Affinius Capital, the developer of the office building, had their interests represented in-house by Hillwood Urban.
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