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2323 Cedar Springs Road

Updated Sep 24, 2026

PGIM Leases 16,479 Square Feet At 23Springs In Uptown Dallas Represented By JLL
LEASEDOffice

PGIM Leases 16,479 Square Feet At 23Springs In Uptown Dallas Represented By JLL

2323 Cedar Springs Road

Building Size

16,479 SF

Asset Type

Office

Closing

Sep 23, 2026

About this deal

AI

The property asset involved in this lease transaction is an office space located at 2323 Cedar Springs Road in Dallas, TX. The total square footage of the leased space is 16,479, situated on the 11th floor of the building known as 23Springs, which is managed by Granite Properties and Highwoods Properties.

Summary of transaction details:

Representing PGIM in this transaction were Scott Hage and Rachel Gorney from JLL. The interest from PGIM reflects their commitment to expanding within the Uptown Dallas market, facilitated by the representation of Granite Properties by Robert Jimenez, Burson Holman, and Elizabeth Fortado.

Players

Scott Hage

JLL

Broker

5 deals

Broker
Granite Properties
Granite PropertiesLandlord
PGIM
PGIM Tenant
Bilt advertisement

Cedar Springs 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

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