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5215 North O'connor Boulevard

Big 12 Conference Leases 14,107 SF Office Space At 5215 North O'connor Blvd In Irving
LEASEDOffice

Big 12 Conference Leases 14,107 SF Office Space At 5215 North O'connor Blvd In Irving

5215 North O'connor Boulevard

Building Size

14,107 SF

Asset Type

Office

Closing

Feb 12, 2024

AI

Located at 5215 North O'connor Boulevard in Irving, Texas, an office space spanning 14,107 square feet has been leased. The space was leased by the Big 12 Conference, represented by Cynthia Cowen and Travis Boothe of Cushman & Wakefield. The lease transaction was motivated by the conference's expansion to 16 teams, reflecting the competitive office leasing market in the area.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Address: 5215 North O'connor Boulevard
  • Market: Irving
  • Square Footage: 14,107

The landlords involved in the lease agreement are Marc Rowan of Apollo Global, Casey Wold of Vanderbilt Office Properties, and Ross Perot, Jr. of Hillwood Urban. The landlord's representatives in the deal were Bill Brokaw and Karch Schreiner, also from Hillwood Urban.

Players

Travis Boothe

Cushman & Wakefield

Broker

12 deals

Broker

Irving 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