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1177 West Loop South

Dean & Draper Insurance Signs Long-Term Lease At Eleven77 With Kelli Gault As Landlord's Rep
LEASEDOffice

Dean & Draper Insurance Signs Long-Term Lease At Eleven77 With Kelli Gault As Landlord's Rep

1177 West Loop South

Building Size

25,840 SF

Asset Type

Office

Closing

Jun 27, 2025

AI

The asset involved in the transaction is an office space located at 1177 West Loop South in Houston, featuring a total square footage of 25,840. The lease transaction has been secured for this property.

Summary of transaction details:

A long-term lease was secured by Avison Young for Dean & Draper Insurance, which will occupy the 8th and 10th floors of the building. The move signifies a 40% increase in space for the tenant, with the intention to enhance employee commuting, improve office amenities, and facilitate future growth for the firm.

Players

Anthony Squillante

Avison Young

Broker

10 deals

Broker
Transwestern
TranswesternBrokerage
Avison Young
Avison YoungBrokerage
Transwestern
TranswesternLandlord

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