Caterpillar Inc. Leases Office Space At 5205 N O'Connor Blvd In Irving With Brokers Ned Franke & Matt Heidelbaugh - Cushman & Wakefield
LEASED
Texas
See Similar DealsOffice1,400,000 SF
Leased 05/02/2021
LEASED
Caterpillar Inc. Leases Office Space At 5205 N O'Connor Blvd In Irving With Brokers Ned Franke & Matt Heidelbaugh - Cushman & Wakefield
5205 North O'connor Boulevard
See Similar DealsOffice1,400,000 SF
Leased 05/02/2021
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:1,400,000 SF
Transaction Type:Lease
Caterpillar Inc., represented by Jim Umpleby, has signed a lease agreement for an office space located at 5205 N O'Connor Blvd in Irving. The property is owned by Apollo Global Real Estate, Vanderbilt Partners, and Hillwood Urban. The deal was facilitated by brokers Ned Franke and Matt Heidelbaugh from Cushman & Wakefield.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 5205 N O'Connor Blvd, Irving
- Market: Irving
The lease agreement between Caterpillar Inc. and the property owners marks another significant move in the Irving market. The 1,400,000,000-square-foot office space will serve as a strategic location for Caterpillar Inc.'s operations, led by Jim Umpleby.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$80,247,155.18
Total Lease Value
$802,471,551.80
Net Landlord Cash Flow$80,247,155.18
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