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Lerma Advertising Leases 27959 SF Office Space At 409 N Houston St, Dallas

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LEASED

Texas

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LEASED

Lerma Advertising Leases 27959 SF Office Space At 409 N Houston St, Dallas

409 N Houston St, Dallas, TX, 75202

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Office27,959 SF
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:27,959 SF
Transaction Type:Lease

The Luminary, an eight-floor office tower located at 409 W. Houston in Dallas’ Innovation District, recently leased 27,959 square feet of office space to Lerma Advertising. The office tower was delivered in 2019 and offers amenities such as 14-foot floor-to-ceiling windows, SageGlass no-blind window tint technology, a rooftop deck, and locker rooms.

Summary of transaction details:

Trey Smith, Lauren Napper, and Ward Eastman from CBRE in Dallas represented the landlord, Longwharf and Crescent Real Estate, in the lease negotiations with Lerma Advertising. On the other hand, Dan Harris from Stream Realty Partners acted as Lerma Advertising's representative in the deal. The Luminary still has 54,000 square feet of available space for lease, which includes two speculative office suites.

Players

Ward Eastman
3 deals
BROKER

Lauren Napper
CBRE
3 deals
BROKER

Trey Smith
CBRE
5 deals
BROKER

Crescent Real Estate
LANDLORD

Details

LEASED
IMAGE: 409 N Houston St, Dallas, TX, 75202 MARKET: Dallas ASSET TYPE: Office LANDLORD'S REP: Lauren Napper(CBRE), Trey Smith(CBRE), Ward Eastman(CBRE) TENANT: Lerma Advertising LANDLORD: Crescent Real Estate SQUARE FEET: 27959

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Deal Type
Effective Rent (Annual)

$1,602,593.01

Total Lease Value

$16,025,930.08

Net Landlord Cash Flow$1,602,593.01