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Accesso Leases Office Space To American Honda Finance Corp In Irving, TX

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LEASED

Texas

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Office99,927 SF
Leased 04/14/2021
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LEASED

Accesso Leases Office Space To American Honda Finance Corp In Irving, TX

3625 W Royal Ln, Irving, TX, 75063

See Similar Deals
Office99,927 SF
Leased 04/14/2021
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:99,927 SF
Transaction Type:Lease

The property asset involved in this transaction is an office building located at 3625 W Royal Ln, Irving, TX, within the Irving market. The asset consists of a total of 99,927 square feet of office space. Accesso, the landlord, has a significant history with this property, having acquired the complex from EQ Office in 2011 for $72.5 million. The office park features a 500,000-square-foot area, and American Honda Finance Corp. has been a tenant at this location since its completion in 2000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 3625 W Royal Ln, Irving, TX, 75063
  • Landlord: Accesso
  • Landlord's Representative: Michael Williams-JLL
  • Tenant: American Honda Finance Corp
  • Square Feet: 99927

The transaction marks the long-term renewal of a 76,785-square-foot lease along with a notable expansion of 23,142 square feet for American Honda Finance Corp. John Brownlee and Michael Williams of JLL represented Accesso during this deal, while CBRE provided assistance to Honda in the lease process.

Players

Michael Williams
4 deals
BROKER

Accesso
LANDLORD

Details

LEASED
IMAGE: 04/14/2021 ADDRESS: 3625 W Royal Ln, Irving, TX, 75063 MARKET: Irving ASSET TYPE: Office LANDLORD'S REP: Michael Williams-JLL TENANT: American Honda Finance Corp LANDLORD: Accesso SQUARE FEET: 99927

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Deal Type
Effective Rent (Annual)

$5,727,755.34

Total Lease Value

$57,277,553.40

Net Landlord Cash Flow$5,727,755.34