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Acram Group Acquires Office Building On Spectrum Drive In Addison For $114.3M

5080 Spectrum Drive
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This Office property located in TX was sold for $114,300,000 almost 2 years ago. The brokers of the deal were Ryan Pollack, Todd Savage, and Jim Curtin

An office property located at 5080 Spectrum Drive in Addison was recently sold for a total of $114,300,000. The property spans over 614,000 square feet, resulting in a price per square foot of $185. The transaction took place on 04/05/2022 and involved the buyer, Acram Group, represented by Matt Cassin from Oak Hill Advisors, and the seller, Granite Properties. The buyer's representatives, Jim Curtin and Ryan Pollack from JLL Capital Markets, Americas, negotiated the deal, while Todd Savage from the same agency represented the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $114,300,000
  • Address: 5080 Spectrum Drive
  • Market: Addison

The acquisition of the office property at 5080 Spectrum Drive was facilitated by Acram Group, with Matt Cassin representing Oak Hill Advisors. On the other side, Granite Properties decided to sell the asset, with Todd Savage from JLL Capital Markets, Americas serving as their representative. This transaction marks a significant investment in the Addison market and showcases the expertise of the brokers involved in the deal, Jim Curtin and Ryan Pollack from JLL Capital Markets, Americas.

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Deals
  • Location
    5080 Spectrum Drive, Dallas, Texas 75001, United States5080 Spectrum Drive, Dallas, Texas 75001, United States
  • Sale Price
    $114,300,000$114,300,000
    $186 PPSF$186 PPSF
  • Area
    614,000 SF614,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Ryan Pollack

Ryan Pollack

Deals3
Financed$1.6B

Todd Savage

Todd Savage

Deals5
Sold$509M

Jim Curtin

Jim Curtin

Deals4
Financed$617.6M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Ryan Pollack, Matt Cassin, Jim Curtin & Todd Savage DATE: 04/05/2022 ADDRESS: 5080 Spectrum Drive MARKET: Addison ASSET TYPE: Office BUYER: Acram Group - Matt Cassin; Oak Hill Advisors SELLER: Granite Properties BUYER'S REP: Jim Curtin & Ryan Pollack - JLL Capital Markets, Americas SELLER'S REP: Todd Savage - JLL Capital Markets, Americas SALE PRICE: $114,300,000 SF: 614,000 ~ PPSF: $185

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5080 Spectrum Drive

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