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2600 North Central Expressway

Jeff Harkinson Of Harkinson Investment Corp Acquires 2600 North Central Expressway Office In Richardson From Thom Cunningham Of Deven Group
SOLDOffice

Jeff Harkinson Of Harkinson Investment Corp Acquires 2600 North Central Expressway Office In Richardson From Thom Cunningham Of Deven Group

2600 North Central Expressway

Building Size

229,000 SF

Asset Type

Office

Closing

Jul 2, 2026

AI

The 2600 North Central Expressway office building is an office asset located in Richardson, TX, encompassing 229,000 square feet. This nine-story Class A asset was 92% leased at the time of the transaction. The acquisition represents the largest office purchase in over 25 years for Harkinson Investment Corp.

Summary of transaction details:

The transaction involved Jeff Harkinson, who leads Harkinson Investment Corp., acquiring the asset from Thom Cunningham of Deven Group. Gary Carr of Newmark facilitated the brokerage of the sale, while Forge Commercial Real Estate will manage leasing and property operations for the office building.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker
 Jeff Harkinson

Jeff Harkinson

Harkinson Investment Corp

Buyer

1 deal

Buyer

Thom Cunningham

Deven Group

Seller
Seller
First United Bank
First United BankLender

Central Office Market Snapshot

Boundary boundary · Office · Sale 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