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2601 Victory Avenue

Todd Platt Of Hillwood Urban Leases 133,000 Square Feet To Scott Thomson Of Scotiabank In Dallas
LEASEDOffice

Todd Platt Of Hillwood Urban Leases 133,000 Square Feet To Scott Thomson Of Scotiabank In Dallas

2601 Victory Avenue

Building Size

133,000 SF

Asset Type

Office

Closing

Sep 5, 2025

AI

The property asset involved in this transaction is an office space located at 2601 Victory Avenue in Dallas, featuring a total square footage of 133,000. The building, known as Victory Commons One, is part of the Victory Park market and has achieved a significant occupancy rate as a result of this lease. The overall building consists of 365,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 133,000
  • Address: 2601 Victory Avenue
  • Market: Dallas
  • Landlord: Todd Platt - Hillwood Urban
  • Tenant: Scott Thomson - Scotiabank
  • Broker: CBRE
  • Current Occupancy Rate: 94%

This lease transaction was brokered by CBRE, representing Hillwood Urban, the landlord of the property. Scotiabank's lease spans four floors within the building, contributing to the occupancy alongside other notable tenants such as Steelcase, Alcority, and White Rhino Coffee.

Players

CBRE
CBREBrokerage

Scott Thomson

Scotiabank

Tenant

1 deal

Tenant
Scotiabank
Scotiabank Tenant

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