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1414 Enclave Pkwy, Houston,...

Piedmont Office Realty Trust Leases 300000 Square Feet At 1414 Enclave Parkway In Houston
LEASED

Piedmont Office Realty Trust Leases 300000 Square Feet At 1414 Enclave Parkway In Houston

1414 Enclave Pkwy, Houston, TX, 77077

Building Size

300,000 SF

Asset Type

Closing

Nov 19, 2023

AI

A lease transaction has taken place involving a property located at 1414 Enclave Pkwy, Houston, TX, 77077. The total square footage of the property is 300,000 square feet, situated in the Houston market. The landlord is Piedmont Office Realty Trust.

Summary of transaction details:

The transaction includes several representatives involved in negotiating the lease, with the tenant represented by Louie Crapitto from JLL and David Bales from Lee & Associates. On the landlord's side, Connor Saxe from Cushman & Wakefield, Damian Miller from Piedmont Office Realty Trust, and Damon Thames played key roles in the negotiation process.

Players

Damon Thames

Cushman & Wakefield

Broker

3 deals

Broker
Piedmont Office Realty Trust
Piedmont Office Realty TrustLandlord

Houston CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93