Simon Greenstone Panatier, PC Signs Lease For 28,366 SF Space At Bank Of America Plaza, Dallas
901 Main St, Dallas, TX 75202, USA
Building Size
28,366 SF
Asset Type
Office
Closing
Jun 7, 2023
AI
Metropolis Investment Holdings has signed a lease with law firm Simon Greenstone Panatier, PC for a 28,366-square-foot space at Bank of America Plaza in Dallas' CBD. The law firm will move its headquarters from Renaissance Tower to the city's tallest building, which offers amenities and certifications such as LEED Gold.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 28,366 SF
- Address: 901 Main Street, Dallas
- Market: Dallas
Metropolis Investment Holdings will be the landlord for the lease agreement, while Simon Greenstone Panatier, PC will be the tenant. Representing the landlord in the deal are Russ Johnson and Joel Pustmueller from JLL. On the tenant side, the representatives are Tom Sutherland, Ryan Hoopes, and Dean Dahlsten from Cushman & Wakefield.
Players
Texas Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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