Multiview Renews 82,093 SF Lease At One Panorama Center In Irving
7701 Las Colinas Ridge, Irving, TX, 75...
Building Size
82,093 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The office asset located at 7701 Las Colinas Ridge in Irving, TX, encompasses a total of 82,093 square feet. This property is part of One Panorama Center, which has an overall size of 208,448 square feet and consists of eight stories. It offers various amenities including a newly renovated lobby, new fitness center, and an outdoor lounge, located in the Irving market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease Renewal
- Address: 7701 Las Colinas Ridge, Irving, TX
- Market: Irving
- Tenant: Multiview
- Landlord: Regent Properties
- Tenant's Representative: Scott Hage - JLL
- Landlord's Representative: Nathan Durham - Transwestern
The deal involved representatives Robert Blount and Scott Hage from JLL, who facilitated the negotiations for the tenant, Multiview. Nathan Durham represented the landlord, Regent Properties, a company based in Los Angeles. The transaction focuses on a lease renewal, confirming Multiview's continued presence at the location.
Players
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