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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2600 North Central Expressway
- Market: Richardson, TX
- Asset Size: 229,000 SF
- Buyer: Jeff Harkinson - Harkinson Investment Corp
- Seller: Thom Cunningham - Deven Group
- Broker: Gary Carr - Newmark
- Lender: First United Bank
- Leased Percentage: 92%
- Weighted Average Lease Term: 5.2 years
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
Central Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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