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
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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