Construction has begun on a new, class A office building totaling 84,000 square feet at 5107 82nd Street in Lubbock, Texas. The property is being developed by CMS Properties, Inc and the leasing company on the project is Coldwell Banker Commercial Capital Advisors.
The previously undeveloped site on the south side of 82nd Street and just west of Slide road will include four floors of office space served by two elevators. The building will offer views overlooking Lakeridge Country Club. The floor plates are approximately 21,000 square feet with suites divisible to 5,000 square feet. Suites will be built out to suit the needs of the tenants. Asking lease rates are $26 per square foot NNN with generous tenant improvement allowances available.
“This is a terrific property located on the southwest side of the Lubbock market where there has not been enough supply of class A office space to satisfy tenant demand,” said Jef Conn, CCIM, SIOR and one of the leasing agents on the assignment. “CMS Properties builds top-notch commercial projects throughout Texas and New Mexico. We are pleased to partner with them to market this quality office asset.”
