Lucid Opens 9th Dallas Flex Office Space
Lucid Private Offices has opened a 35,234-square-foot coworking space in Dallas. The company’s new location is spread across two floors at 8080 NCX, a 287,694-square-foot Class A office building owned by Intercontinental Real Estate Corp.
Cresa negotiated on behalf of Lucid Private Offices while Forge Commercial represented the landlord.
Dubbed Lucid Private Offices – NorthPark, the company’s new space is on the 15th and 17th floors of the mid-rise building. The location features 120 private and team offices, floor-to-ceiling glass windows, five conference rooms and a library.
Other tenants at 8080 NCX include Regency Centers Corp., Sequel Holdings and Powell Coleman & Arnold LLP, among others, according to CommercialEdge information.
READ ALSO: Flex Office Is Becoming Synonymous With Office
Intercontinental Real Estate Corp. picked up 8080 NCX in 2016, in a joint venture with Foundry Commercial. Gemini Rosemont sold the asset for $58.4 million. The partnership also took out a $23.6 million acquisition loan held by Principal Financial Group, with a maturity date set for 2026, the same source shows.
The 17-story building came online in 1984 and underwent cosmetic renovations in 1995. The property features ten passenger elevators, 16,900-square-foot floorplates and 1,007 parking spots. Amenities at 8080 NCX include an on-site cafe, fitness center, lounge, 24-hour security and key-card access.
Located at 8080 N. Central Expressway, the property has access to Dallas Love Field Airport. Downtown Dallas is 6 miles away, while Dallas Forth Worth International Airport is 22 miles west.
Principal John Pelletier and Vice President Austin Studebaker with Cresa represented Lucid Private Offices in the leasing negotiations. Forge Commercial’s Co-Founder & Partner Grant Sumner and Partner Taylor Lynch worked on behalf of the ownership.
The runner-up for coworking spaces across the U.S.
The leasing agreement marks the company’s ninth location in Dallas. The deal follows the flex office provider’s recent 3,000-square-foot expansion of its McKinney location at 7300 State Highway 121, where its total footprint reached 30,000 square feet, CommercialEdge also shows.
The total number of coworking spaces in the U.S. rose to 7,538 locations by the end of the third quarter in 2024, a recent CoworkingCafe report shows. This represents a 7.0 percent quarter-over-quarter growth, a positive evolution in line with the coworking industry trends. Of the top 25 leading markets in the country, Dallas-Fort Worth held the runner-up position with 279 flex workspaces, outperforming the long-time national leader Manhattan.
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