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901 Main St, Dallas, TX 752...

Simon Greenstone Panatier, PC Signs Lease For 28,366 SF Space At Bank Of America Plaza, Dallas
LEASEDOffice

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

Russ Johnson

JLL

Broker

4 deals

Broker
MI
Metropolis Investment Holdings IncLandlord
P
PCTenant

Texas 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