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7701 Las Colinas Ridge, Irv...

Multiview Renews 82,093 SF Lease At One Panorama Center In Irving
LEASEDOffice

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

Scott Hage

JLL

Broker

5 deals

Broker
Regent Properties
Regent PropertiesLandlord

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