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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1177 West Loop South
- Market: Houston
- Landlord: Greg Munson - Transwestern Real Estate Services
- Tenant: Kyle Dean - Dean & Draper Insurance
- Landlord's Rep: Kelli Gault, Doug Little & John Heard - Transwestern
- Tenant's Rep: Anthony Squillante & Dustin Devine - Avison Young
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
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