Chord Energy Renews And Expands Lease For 157,390 Square Feet At 1001 Fannin Street In Houston
1001 Fannin Street
Building Size
130,300 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
The property involved in the transaction is an office space located at 1001 Fannin Street in Houston, TX. This asset spans a total of 130,300 square feet. Chord Energy is the tenant currently holding the lease for this location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 130,300
- Address: 1001 Fannin Street
- Market: Houston, TX
- Tenant: Daniel Brown - Chord Energy
- Landlord's Representative: Chip Colvill & Brad Beasley - Partners Real Estate
- Tenant's Representative: Chad Beck - Cushman & Wakefield
Chord Energy has renewed its lease at 1001 Fannin and has expanded by an additional 27,090 square feet, increasing its total occupied space to 157,390 square feet. This expansion aligns with the significant leasing activity at the 1.3 million-square-foot tower, which has seen more than 140,000 square feet leased over the past 18 months.
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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