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
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