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100 Jensen Drive

Anton Paar USA Acquires Development Site In Houston's East River
SOLDDevelopment Site

Anton Paar USA Acquires Development Site In Houston's East River

100 Jensen Drive

Building Size

Asset Type

Development Site

Closing

May 1, 2024

AI

The Development Site located at 100 Jensen Drive in Houston was sold in a transaction involving the buyer Reinhard Eberl from Anton Paar USA and the seller's representative David Hightower from Midway. The property is part of the East River development and will be the site for Anton Paar USA's new South Region headquarters, spanning 30,000 square feet and featuring office space, technology labs, training facilities, and distribution areas.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Buyer: Reinhard Eberl - Anton Paar USA
  • Buyer's Rep: Chadd Bolding - Colliers International
  • Seller's Rep: David Hightower - Midway
  • Address: 100 Jensen Drive
  • Market: Houston

Chadd Bolding of Colliers International represented the buyer, playing a key role in facilitating the purchase of the prime tract. The acquisition aligns with East River's focus on collaboration among design firms and innovative businesses, with developments like The Studios at East River and the upcoming Port Houston headquarters shaping the surrounding area.

Players

Chadd Bolding

Colliers

Broker

1 deal

Broker

Houston Development Site Market Snapshot

Boundary boundary · Development Site · Sale 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