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Aimbridge Hospitality Extends Lease For 248,900 Square Feet At 5301 Headquarters Drive In Plano

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LEASED

Texas

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Office248,900 SF
Leased 08/22/2024
the dealdetailscomps
Property Image
LEASED

Aimbridge Hospitality Extends Lease For 248,900 Square Feet At 5301 Headquarters Drive In Plano

5301 Headquarters Drive

See Similar Deals
Office248,900 SF
Leased 08/22/2024
the dealdetailscomps

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:248,900 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 5301 Headquarters Drive in Plano. The total square footage of the building is 248,900 square feet. The property is owned by Drawbridge Realty, who originally leased it to Aimbridge Hospitality in 2019. The building has been expanded and includes amenities such as a fitness center and a conference center.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Specified
  • Lease Term: Five years
  • Landlord: Mark Whiting - Drawbridge Realty
  • Tenant: Craig Smith - Aimbridge Hospitality

The lease agreement was extended by Aimbridge Hospitality for the full building space. Mark Whiting represents the landlord, Drawbridge Realty, while Craig Smith represents Aimbridge Hospitality in this lease transaction.

Details

LEASED
IMAGE: Mark Whiting & Craig Smith DATE: 08/22/2024 ADDRESS: 5301 Headquarters Drive MARKET: Plano ASSET TYPE: Office ~ ACRES: 248,900 LANDLORD: Mark Whiting - Drawbridge Realty TENANT: Craig Smith - Aimbridge Hospitality (@AimbridgeHospitality) LEASE TERM: five-year NOTE: Aimbridge Hospitality extended its lease for a full 248,900-square-foot building at 5301 Headquarters Drive in Plano for another five years. The building, owned by Drawbridge Realty, was initially leased by Aimbridge in 2019 and later expanded; it now features amenities like a fitness center and conference center.

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Total Lease Value

$142,667,978.03

Net Landlord Cash Flow$14,266,797.80