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Steven Rawls Of Lone Cypress Realty Acquires Office Building In Addison From DRA Advisors

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SOLD
Cody Payne
David Luski

Texas

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Office118,000 SF
Sold 12/16/2025
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Property Image
SOLD

Steven Rawls Of Lone Cypress Realty Acquires Office Building In Addison From DRA Advisors

15301 Spectrum Drive

See Similar Deals
Office118,000 SF
Sold 12/16/2025
Cody Payne
David Luski
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:118,000 SF
Transaction Type:Sale

The property involved in the transaction is an office building located at 15301 Spectrum Drive in Addison, Texas. This asset, known as The Spectrum, encompasses a total area of 118,000 square feet. The building was constructed in 1983 and underwent renovations in 2016. It currently has a leasing occupancy of 76% and features amenities such as a deli, conference center, and covered parking.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 15301 Spectrum Drive
  • Market: Addison
  • Asset Size: 118,000 SF
  • Buyer: Steven Rawls - Lone Cypress Realty
  • Seller: David Luski - DRA Advisors
  • Broker: Cody Payne - Colliers
  • Leasing Occupancy: 76%
  • Year Built: 1983
  • Year Renovated: 2016

In this transaction, Steven Rawls from Lone Cypress Realty acquired the property from seller David Luski of DRA Advisors. The sale was facilitated by broker Cody Payne from Colliers, highlighting the brokerage involvement in the deal.

Players

Cody Payne
Colliers
Cody Payne
10 deals
BROKER
David Luski
DRA Advisors
David Luski
33 deals$3.3B volume
SELLER

Details

SOLD
IMAGE: David Luski & Cody Payne DATE: 12/16/2025 ADDRESS: 15301 Spectrum Drive MARKET: Addison ASSET TYPE: Office ~ SF: 118,000 BUYER: Steven Rawls - Lone Cypress Realty SELLER: David Luski - DRA Advisors BROKER: Cody Payne (@TxOfficeIndustrial) - Colliers (@ColliersInternational) NOTE: Lone Cypress Realty acquired The Spectrum, a 118,000-sf office building in Addison, Texas, from DRA Advisors, with Colliers brokering the sale. Built in 1983 and renovated in 2016, the five-story property at 15301 Spectrum Drive is 76% leased and includes a deli, conference center, and covered parking.

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