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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1001 Fannin Street
- Market: Houston
- Landlord: Rigel Barber - JMB Realty
- Tenant: Thomas Carter Jr. - Black Stone Minerals
- Landlord's Representative: Brad Beasley & Chip Colvill - Partners Real Estate
- Tenant's Representative: David Guion & Trey Strake - Cushman & Wakefield
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.
On the Map
Office
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Players
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