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Atlantic Aviation Leases Office Space At Granite Park 6 In Plano From Granite Properties

Property Image
LEASED
Ryan Hoopes
Tom Sutherland

Texas

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Office26,608 SF
Leased 09/10/2024
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Property Image
LEASED

Atlantic Aviation Leases Office Space At Granite Park 6 In Plano From Granite Properties

5525 Granite Parkway

See Similar Deals
Office26,608 SF
Leased 09/10/2024
Ryan Hoopes
Tom Sutherland
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:26,608 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 5525 Granite Parkway in Plano. The asset encompasses 26,608 square feet and is part of a recently completed 422,100-square-foot building in a market that is currently 26% leased.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 5525 Granite Parkway
  • Market: Plano
  • Landlord: Paul Bennett - Granite Properties
  • Tenant: Atlantic Aviation
  • Brokers: Ryan Hoopes & Tom Sutherland - Cushman & Wakefield

Atlantic Aviation will relocate its headquarters to occupy a full floor within the building by Q1 2025. This relocation is anticipated to enhance leasing activity in the complex, which presently has a leasing rate of 26%.

Players

Ryan Hoopes
Cushman & Wakefield
Ryan Hoopes
7 deals(972) 663-9978
BROKER
Tom Sutherland
Cushman & Wakefield
Tom Sutherland
4 deals(972) 759-7800
BROKER

Details

LEASED
IMAGE: Paul Bennett, Ryan Hoopes & Tom Sutherland DATE: 09/10/2024 ADDRESS: 5525 Granite Parkway MARKET: Plano ASSET TYPE: Office ~ SF: 26,608 LANDLORD: Paul Bennett - Granite Properties (@GraniteProperties) TENANT: Atlantic Aviation (@Atlanticfbo) BROKERS: Ryan Hoopes & Tom Sutherland - Cushman & Wakefield (@CushWake) NOTE: Atlantic Aviation will relocate its headquarters to a full floor, or 26,608 square feet, at Granite Park 6 in Plano by Q1 2025. The new office, part of a recently completed 422,100-square-foot building, is expected to boost leasing activity at the complex, which is currently 26% leased.

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Deal Type
Effective Rent (Annual)

$1,525,154.50

Total Lease Value

$15,251,545.04

Net Landlord Cash Flow$1,525,154.50