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Cadence McShane Construction Company Signs Long-Term Lease For 16242 Square Feet In Plano

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LEASED

Texas

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Office16,242 SF
Leased 07/29/2024
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Property Image
LEASED

Cadence McShane Construction Company Signs Long-Term Lease For 16242 Square Feet In Plano

7500 Dallas Parkway

See Similar Deals
Office16,242 SF
Leased 07/29/2024
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:16,242 SF
Transaction Type:Lease

The office property located at 7500 Dallas Parkway in Plano has a total square footage of 16,242. The market value and specifics regarding the transaction amount are not disclosed. The asset is situated in a location that contributes to its appeal for businesses in the area.

Summary of transation details:

The lease agreement was signed by Cadence McShane Construction Company LLC. The deal, brokered by both Bradford Commercial Real Estate Services and Gildenson Real Estate, marks a notable enhancement in the building's occupancy, significantly impacting its overall rental performance and future market position.

Players

Jared Laake
19 deals(972) 776-7045
BROKER

Garrison Efird
Newmark
3 deals
BROKER

Details

LEASED
IMAGE: Jared Laake, Garrison Efird & Steven Blankenship DATE: 07/29/2024 ADDRESS: 7500 Dallas Parkway MARKET: Plano ASSET TYPE: Office ~ SF: 16,242 LANDLORD: Eduardo Gildenson - Gildenson Real Estate TENANT: Cadence McShane Construction Company LLC LANDLORD'S REP: Jared Laake - Bradford Commercial Real Estate Services (@BradfordCompanies) TENANT'S REP: Garrison Efird (@GarrisonEfird) & Steven Blankenship - Newmark (@Newmark) LEASE TERM: long-term NOTE: Cadence McShane Construction Co. LLC has signed a long-term lease for 16,242 square feet at One Legacy Circle in Plano, with occupancy set for Q1 2025. The deal, brokered by Bradford Commercial Real Estate Services and Gildenson Real Estate, significantly boosts the building's occupancy rate, bringing it to almost 90%.

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Deal Type
Effective Rent (Annual)

$930,981.64

Total Lease Value

$9,309,816.39

Net Landlord Cash Flow$930,981.64