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100 Jensen Drive

Orion Group Holdings Leases 63,500 SF At Midway's East River In Houston
LEASEDOffice

Orion Group Holdings Leases 63,500 SF At Midway's East River In Houston

100 Jensen Drive

Building Size

63,500 SF

Asset Type

Office

Closing

Jun 11, 2024

AI

The office space leased by Orion Group Holdings at Midway's East River development in Houston spans 63,500 square feet. The property is located at 100 Jensen Drive, and with this new lease, the occupancy rate of the project's first phase has reached 95%.

Summary of transaction details:

Orion Group Holdings will be consolidating its three Houston offices into this new space in the upcoming year. The lease brings Orion together with other businesses like Port Houston, Anton Paar USA, and Suderman & Young at the mixed-use development within Midway's East River project.

Players

Amanda Nebel

Cushman & Wakefield

Broker

9 deals

Broker

Houston Office Market Snapshot

Boundary boundary · Office · 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