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11757 Katy Freeway

Saulsbury Industries Expands Lease To 19,906 SF At Kirkwood Tower In Houston
LEASEDOffice

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:

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

Adam Ross

Stream Realty Partners⁠

Broker

4 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
Apollo Global
Apollo GlobalLandlord

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