Newline Interactive Inc Leases 48160 Square Feet In Richardson From Jackson-Shaw With Rep Josh Barnes
2930 Telecom Pkwy, Richardson, TX...
Building Size
48,160 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 2930 Telecom Parkway, Richardson, TX. It encompasses a total area of 48,160 square feet and is situated in the Richardson market. The landlord for this property is Jackson-Shaw, who has partnered with GID PARC Northeast LP in this lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2930 Telecom Pkwy, Richardson, TX
- Market: Richardson
- Landlord: Jackson-Shaw
- Landlord's Representative: Josh Barnes (Holt Lunsford Commercial)
- Tenant: Newline Interactive Inc
- Tenant's Representatives: Frank Puskarich and Louis Pascuzzi (Newmark Knight Frank)
- Square Feet: 48,160
This lease was negotiated by Newmark Knight Frank, with Frank Puskarich and Louis Pascuzzi representing the tenant, Newline Interactive Inc. Holt Lunsford Commercial acted on behalf of the landlord, facilitating the agreement for the office space. The transaction reflects a significant step in the ongoing development of the area.
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