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
About this deal
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.
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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