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10344 Sam Houston Park Drive

Forum Energy Technologies Extends 81138 Square Foot Lease At Sam Houston Crossing II In Houston
LEASEDOffice

Forum Energy Technologies Extends 81138 Square Foot Lease At Sam Houston Crossing II In Houston

10344 Sam Houston Park Drive

Building Size

81,138 SF

Asset Type

Office

Closing

Mar 2, 2026

AI

The property involved in this transaction is an office asset located at 10344 Sam Houston Park Drive in Houston, Texas. It comprises a total of 81,138 square feet within the 159,056-square-foot Class A property known as Sam Houston Crossing II, owned by Buchanan Street Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 10344 Sam Houston Park Drive
  • Market: Houston
  • Asset Size: 81,138 sq. ft.
  • Landlord: Buchanan Street Partners
  • Tenant: Forum Energy Technologies
  • Landlord's Representative: Louann Pereira & Doug Little - Transwestern
  • Tenant's Representatives: Jeff Cairns - JLL; Bill Boyer - CBRE
  • Lease Extension: Forum Energy Technologies extended its lease
  • Lease Start Year: 2013

The deal involved several key individuals representing the landlord and tenant. Louann Pereira and Doug Little from Transwestern represented Buchanan Street Partners, while Jeff Cairns from JLL and Bill Boyer from CBRE represented Forum Energy Technologies. This consolidation of representation highlights the cooperative efforts involved in the lease extension negotiations.

Players

Doug Little

Transwestern

Broker

12 deals

Broker
Buchanan Street Partners
Buchanan Street PartnersLandlord
Forum Energy Technologies
Forum Energy TechnologiesTenant

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