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3030 Lyndon B Johnson Fwy D...

Criado & Associates Leases 16,000-Square-Foot Office Space In North Dallas
LEASEDOffice

Criado & Associates Leases 16,000-Square-Foot Office Space In North Dallas

3030 Lyndon B Johnson Fwy Dallas, TX 75234, USA

Building Size

16,000 SF

Asset Type

Office

Closing

Sep 12, 2023

AI

Civil engineering firm Criado & Associates has secured a 16,000-square-foot office lease in Element Towers, located at 3030 Lyndon B. Johnson Fwy in North Dallas. The lease, representing the relocation of Criado & Associates' headquarters from Farmers Branch, is scheduled for early 2024. Element Towers is currently 68% leased.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 16,000
  • Address: 3030 Lyndon B. Johnson Fwy
  • Market: Dallas

Leading the transaction on behalf of the landlord, Stanton Road Capital, is Timothy Ronan Jr. As for the tenant, Criado & Associates, the company's representative is Cristina Criado.

The landlord's representatives, Russ Johnson and Kade Davis from JLL, facilitated the lease agreement. Tristan Stalker and John Beach, representing Newmark, served as the tenant's representatives.

Players

John Beach

Newmark

Broker

$63M

vol

8 deals

Broker
Stanton Road Capital
Stanton Road CapitalLandlord

Dallas 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