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LEASEAPPROVED

University of Texas System Board of Regents Meeting Minutes November 20 2025

UT Southwestern Expands Dallas Office Lease

Total lease value estimated at $21,701,345 for extension/expansion; prior lease approved at $12,565,216; all-in estimate $34,266,561The University Of Texas Permian BasinSRC TRINITY OWNER LPNovember 20, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

UT Southwestern authorized to extend and expand their lease at 2777 North Stemmons Freeway with SRC Trinity Owner, LP, with an all-in estimated cost of $34 million.

Contract Details

Contract Amount

Total lease value estimated at $21,701,345 for extension/expansion; prior lease approved at $12,565,216; all-in estimate $34,266,561

Vendor

SRC TRINITY OWNER LP

Agency

The University Of Texas Permian Basin, TX

Contract Type

LEASE

Document Date

November 20, 2025

Contract Term

Extension to approximately 2035 for existing space, expansion term to 2039 for new space; details on phased commencements

Renewal Date

2039-12-31

Renewal Info

Lease extension for current premises (~84 months from 2029) and expansion for up to 120 months; includes tenant improvement allowances and abatement features

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