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11757 Katy Freeway

Texon Renews 25,938-Square-Foot Office Lease At Kirkwood Tower In Houston’s Energy Corridor
LEASEDOffice

Texon Renews 25,938-Square-Foot Office Lease At Kirkwood Tower In Houston’s Energy Corridor

11757 Katy Freeway

Building Size

25,938 SF

Asset Type

Office

Closing

Aug 13, 2025

AI

The property involved in this transaction is a 25,938-square-foot office asset located at 11757 Katy Freeway in Houston's Energy Corridor. The transaction occurred on August 13, 2025, with Apollo Global as the landlord. The lease was renewed, reflecting the current market dynamics of the office space in the area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 11757 Katy Freeway
  • Market: Houston
  • Landlord: Marc Rowan - Apollo Global
  • Tenant: Texon
  • Landlord's Represented by: Adam Ross & Danielle Rothchild - Stream Realty Partners
  • Tenant's Represented by: Jim Bailey - CBRE

The deal involved the representatives Adam Ross and Danielle Rothchild from Stream Realty Partners, who represented the landlord, while Jim Bailey from CBRE represented the tenant, Texon, in the lease renewal transaction for the office space at Kirkwood Tower, which is owned by Apollo affiliates.

Players

Adam Ross

Stream Realty Partners⁠

Broker

4 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
CBRE
CBREBrokerage
Marc Rowan

Marc Rowan

Apollo Global

Landlord

$1.6B

vol

20 deals

Landlord
Apollo Global
Apollo GlobalLandlord

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