Updated Sep 23, 2026
Applied Optoelectronics Inc Leases 1,093,807 Square Feet At Crow Holdings' Hightower Business Park
Fm 2234 Rd & Chimney Rock Road
Building Size
1,093,807 SF
Asset Type
Industrial
Closing
Sep 21, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at Fm 2234 & Chimney Rock Road, in Houston, TX. The total square footage of the lease agreement is 1,093,807 square feet. The landlord for this property is Michael Levy of Crow Holdings.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: Fm 2234 & Chimney Rock Road
- Market: Houston, TX
- Asset Size: 1,093,807 SF
- Landlord: Michael Levy - Crow Holdings
- Tenant: Thompson Lin - Applied Optoelectronics Inc
- Brokers: Faron Wiley & Joseph Smith - CBRE
This lease agreement signifies a new arrangement for Applied Optoelectronics Inc., which will now occupy a substantial space across two new buildings at Crow Holdings’ Hightower Business Park. The new lease increases AOI’s total footprint within the five-building development to more than 1.83 million square feet.
Players
Chimney Rock Industrial Market Snapshot
Boundary boundary · Industrial · 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