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2930 Telecom Pkwy, Richards...

Newmark Knight Frank Represents Tenant In Lease For 40,160 SF Office Space In Richardson
LEASEDOffice

Newmark Knight Frank Represents Tenant In Lease For 40,160 SF Office Space In Richardson

2930 Telecom Pkwy, Richardson, TX 75082, Estados Unidos

Building Size

40,160 SF

Asset Type

Office

Closing

Oct 12, 2020

AI

The office property located at 2930 Telecom Parkway in Richardson has been leased. The transaction took place on October 13, 2020. The property, spanning 40,160 square feet, was leased by a tenant whose representatives were Frank Puskarich and Louis Pascuzzi from Newmark Knight Frank. The landlord, Jackson-Shaw/GID PARC Northeast LP, was represented by Holt Lunsford Commercial.

Summary of transaction details:

  • Property Type: Office
  • Tenant's Representatives: Frank Puskarich & Louis Pascuzzi - Newmark Knight Frank
  • Landlord: Jackson-Shaw/GID PARC Northeast LP
  • Square Footage: 40,160
  • Address: 2930 Telecom Parkway, Richardson

Frank Puskarich and Louis Pascuzzi from Newmark Knight Frank played a crucial role as the tenant's representatives in this lease deal. Their expertise and negotiation skills helped facilitate the transaction. Holt Lunsford Commercial represented the landlord and worked alongside the tenant's representatives to ensure a successful lease agreement.

Players

Louis Pascuzzi

Newmark

Broker

7 deals

Broker

Richardson 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