Saulsbury Industries Expands Lease To 19,906 SF At Kirkwood Tower In Houston
11757 Katy Freeway
Building Size
19,906 SF
Asset Type
Office
Closing
Aug 15, 2025
AI
The asset involved in this transaction is an office space located at 11757 Katy Freeway in Houston, comprising a total of 19,906 square feet. The property is situated in the Energy Corridor, a notable market area, and is part of Kirkwood Tower, which has a total size of 286,000 square feet. The building is owned by affiliates of Apollo Global Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 11757 Katy Freeway
- Market: Houston
- Square Footage: 19,906
- Landlord: Affiliates of Apollo Global Management
- Tenant: Saulsbury Industries
- Landlord's Representative: Adam Ross & Danielle Rothchild - Stream Realty Partners
- Tenant's Representative: Campbell Puckett & Cooper Bagheri - Cushman & Wakefield
Saulsbury Industries has renewed and expanded its lease within the Kirkwood Tower, strengthening its presence in the Houston area. The transaction was facilitated by representatives from both the landlord and tenant sides, with Adam Ross and Danielle Rothchild representing the landlord through Stream Realty Partners, while Campbell Puckett and Cooper Bagheri represented the tenant via Cushman & Wakefield.
Players
Market 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