{"id":1004521801,"date":"2021-04-14T03:41:07","date_gmt":"2021-04-14T11:41:07","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004521801"},"modified":"2021-05-15T10:25:07","modified_gmt":"2021-05-15T18:25:07","slug":"honda-expands-renews-dallas-office-park-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/honda-expands-renews-dallas-office-park-lease\/","title":{"rendered":"Honda Expands, Renews Dallas Office Park Lease"},"content":{"rendered":"
\"\"<\/a>

Royal Ridge VII<\/p><\/div>\n

Accesso has signed a new lease agreement with American Honda Finance Corp. at the Royal Ridge office complex in Irving, Texas. The transaction includes the long-term renewal of a 76,785-square-foot lease along with a 23,142-square-foot expansion. Honda has occupied space in the 500,000-square-foot office park since it was completed in 2000.<\/p>\n

According to CommercialEdge, Accesso acquired the complex from EQ Office in 2011 for $72.5 million. Honda’s space is located within Royal Ridge VII, a 133,852-square-foot building at 3625 W. Royal Lane. Located alongside Interstate 635, the structure is within 5 miles of DFW International Airport and is 16 miles from downtown Dallas.<\/p>\n

John Brownlee and Michael Williams of JLL represented Accesso in the transaction. CBRE assisted Honda with the lease.<\/p>\n

Following 3 million square feet of office sales in January, the Metroplex recorded a steep drop in activity for February<\/a>. According to CommercialEdge data, the average sale price per square foot was $235 in February, just below the $257 national average.<\/p>\n

Accesso owns 35 office properties spanning 15.6 million square feet nationwide. In January last year, the investor sold Riata Corporate Park, a 688,000-square-foot office campus<\/a> in Austin, Texas, to KKR. The transaction was valued at $258 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The automaker’s financing arm will increase its footprint at the property to nearly 100,000 square feet.<\/p>\n","protected":false},"author":868,"featured_media":1004528368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21742,21747],"tags":[40484,32789,34706,32796],"class_list":["post-1004521801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-latest","category-office","tag-accesso-partners","tag-cbre","tag-honda","tag-jll"],"acf":[],"yoast_head":"\nHonda Expands, Renews Dallas Office Park Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/honda-expands-renews-dallas-office-park-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honda Expands, Renews Dallas Office Park Lease\" \/>\n<meta property=\"og:description\" content=\"The automaker's financing arm will increase its footprint at the property to nearly 100,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/honda-expands-renews-dallas-office-park-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T11:41:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Royal-Ridge-VII-e1618393706978.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/honda-expands-renews-dallas-office-park-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/honda-expands-renews-dallas-office-park-lease\/\",\"name\":\"Honda Expands, Renews Dallas Office Park Lease - 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