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
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