Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Dallas-Fort Worth  + Office  | 

Granite Properties Secures Lease & Construction Financing for 23Springs in Dallas

Granite Properties, a CRE investment, development and management company, announced it is moving forward with 23Springs. Granite has signed a lease and closed construction financing with Bank OZK for the project. They will occupy four floors totaling 110,029 square feet of the Class-AA, 26-floor, 626,215-square-foot development located at 2301 Cedar Springs Road in Dallas.

Robert Blount of JLL represented Bank OZK on the lease transaction and Granite was represented by Robert Jimenez and Burson Holman of Granite. John Fox of Bank OZK represented Bank OZK, and Bill Sladek and Amanda Gadison of Condon Tobin represented Granite as lease attorneys. Jim Curtin of JLL represented Granite in securing the construction loan through Bank OZK. Lewis Kasner and Marisela Gonzales of Jackson Walker represented Granite as attorneys for the loan and development investment. Nam Tran of Winstead represented Bank OZK on the loan transaction. Transaction amounts were not disclosed.

Designed by GFF Architects, with DPR Construction as the general contractor, 23Springs will be the largest office building in Uptown. Granite will start construction in June with delivery slated for March 2025.

Connect

Inside The Story

Granite PropertiesBank OZK

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Lease
  • ◦Development
  • ◦Financing