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Allstate Leases 53043 Square Feet Office Space At Cypress Waters In Coppell From Billingsley Co

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LEASED

Texas

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Office53,043 SF
Leased 11/18/2024
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Property Image
LEASED

Allstate Leases 53043 Square Feet Office Space At Cypress Waters In Coppell From Billingsley Co

Office53,043 SF
Leased 11/18/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:53,043 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at Cypress Waters in Coppell, Texas. The total square footage of the office space is 53,043 square feet. The landlord for this asset is Billingsley Co., who maintains ownership over the property.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: Cypress Waters
  • Market: Coppell
  • Landlord: Billingsley Co
  • Tenant: Allstate
  • Broker: Ryan Buchanan - CBRE

Allstate has signed a lease agreement for the office space, with plans to take occupancy in June 2025. The deal was facilitated by Ryan Buchanan from CBRE, representing the tenant in this transaction.

Players

Ryan Buchanan
CBRE
Ryan Buchanan
7 deals
BROKER

Details

LEASED
IMAGE: Ryan Buchanan DATE: 11/18/2024 ADDRESS: Cypress Waters MARKET: Coppell ASSET TYPE: Office ~ SF: 53,043 LANDLORD: Billingsley Co TENANT: Allstate BROKER: Ryan Buchanan - CBRE (@CBRE) NOTE: Allstate has signed a 53,043-square-foot office lease at Cypress Waters in Coppell, Texas, set to take occupancy in June 2025. The lease was negotiated by CBRE's Ryan Buchanan, with Billingsley Co. serving as the property owner.

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Deal Type
Effective Rent (Annual)

$3,040,392.75

Total Lease Value

$30,403,927.52

Net Landlord Cash Flow$3,040,392.75