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1200 Smith St, Houston, TX,...

Hartree Partners Leases Office Space In Houston From Brookfield Property Partners
LEASEDOffice

Hartree Partners Leases Office Space In Houston From Brookfield Property Partners

1200 Smith St, Houston, TX, 77002

Building Size

6,500 SF

Asset Type

Office

Closing

Jun 13, 2017

AI

Located at 1200 Smith St in Houston, TX, the office asset involved in the lease transaction spans 6,500 square feet in the Houston market. The tenant, Hartree Partners, expanded and renewed their lease within Two Allen Center.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Hartree Partners
  • Landlord: Brookfield Property Partners
  • Tenant's Rep: Lucian Bukowski (CBRE), Wyatt McCulloch (CBRE)
  • Landlord's Rep: Jessica Ochoa (JLL), John Pruitt (JLL), Bubba Harkins (JLL)

Wyatt McCulloch and Lucian Bukowski from CBRE represented Hartree Partners in the lease agreement, while JLL's team of Jessica Ochoa, John Pruitt, and Bubba Harkins acted as the representatives for the landlord, Brookfield Property Partners.

Players

Lucian Bukowski

CBRE

Broker

7 deals

Broker

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