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2930 Telecom Pkwy, Richards...

Newline Interactive Inc Leases 48160 Square Feet In Richardson From Jackson-Shaw With Rep Josh Barnes
LEASEDOffice

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

Josh Barnes

Holt Lunsford Commercial

Broker

11 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