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5055 Keller Springs Road

AMLI Residential Renews And Expands Office Lease At Liberty Plaza
LEASEDOffice

AMLI Residential Renews And Expands Office Lease At Liberty Plaza

5055 Keller Springs Road & 5057 Keller Springs Road

Building Size

26,428 SF

Asset Type

Office

Closing

Oct 13, 2023

AI

AMLI Residential has renewed and expanded its office lease at North Dallas' Liberty Plaza. The lease covers a total of 13,214 square feet of office space located at 5055 & 5057 Keller Springs Road in Addison, Dallas. The landlord, Franklin Street Properties, represented by George J. Carter, agreed to the terms of the lease.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 5055 & 5057 Keller Springs Road
  • Market: Addison, Dallas
  • Square Footage: 13,214

Representing AMLI Residential in the lease transaction was Gregory Mutz. On the landlord's side, Franklin Street Properties was represented by George J. Carter. Holt Lunsford Commercial's brokers, Tyler Howarth and Caroline Hix, facilitated the negotiations for both parties.

Note: AMLI Residential renewed and expanded its 13,214-square-foot office lease at North Dallas' Liberty Plaza, with Holt Lunsford Commercial representing the landlord, Franklin Street Properties.

Players

Tyler Howarth

Holt Lunsford Commercial

Broker

4 deals

Broker
George Carter

George Carter

Franklin Street Properties

Landlord

$38.3M

vol

4 deals

Landlord
Greg Mutz

Greg Mutz

AMLI Residential

Tenant

$283.2M

vol

7 deals

Tenant

Spring 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