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9900 Hillwood Parkway

Highland Homes Leases 8,500 SF Office Space At Hillwood Commons II In Fort Worth
LEASEDOffice

Highland Homes Leases 8,500 SF Office Space At Hillwood Commons II In Fort Worth

9900 Hillwood Parkway

Building Size

8,500 SF

Asset Type

Office

Closing

Mar 1, 2024

AI

An 8,500-square-foot office lease was signed by Highland Homes at Hillwood Commons II in North Fort Worth's Alliance Town Center. The property, located at 9900 Hillwood Parkway, will serve as Highland Homes' fifth office location in Texas, accommodating up to 175 employees.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 9900 Hillwood Parkway
  • Market: Fort Worth
  • Tenant: Rod Sanders & Jean Ann Brock - Highland Homes
  • Tenant Capacity: Up to 175 employees
  • BROKERS: Kim Lyon & Scott Hobbs - Newmark

Scott Hobbs and Kim Lyon of Newmark played a key role in facilitating the lease negotiations for Highland Homes at Hillwood Commons II. The deal is set for Highland Homes to relocate to the new office space this summer.

Players

Kim Lyon

Newmark

Broker

2 deals

Broker

Fort Worth 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