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1001 Fannin Street

Black Stone Minerals Renews 55082 SF Lease At 1001 Fannin In Houston With Partners Real Estate
LEASEDOffice

Black Stone Minerals Renews 55082 SF Lease At 1001 Fannin In Houston With Partners Real Estate

1001 Fannin Street

Building Size

55,082 SF

Asset Type

Office

Closing

May 19, 2025

AI

The property asset involved in this transaction is located at 1001 Fannin Street in Houston. It is an office space totaling 55,082 square feet and is situated in a 1.3 million square foot LEED Gold-certified tower.

Summary of transaction details:

Black Stone Minerals renewed its headquarters lease at the specified address, continuing its tenancy in downtown Houston for over 30 years. Ownership was represented in this renewal by Partners Real Estate, while negotiations on behalf of the tenant were conducted by Cushman & Wakefield.

Players

Chip Colvill

Cushman & Wakefield

Broker

5 deals

Broker
JR
JMB RealtyLandlord

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