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1500 Solana Boulevard

Michael Klein Of Glenstar And Seth Singerman Of Singerman Real Estate Lease 26000 SF Office To M1 Support Services In Westlake
LEASEDOffice

Michael Klein Of Glenstar And Seth Singerman Of Singerman Real Estate Lease 26000 SF Office To M1 Support Services In Westlake

1500 Solana Boulevard

Building Size

26,000 SF

Asset Type

Office

Closing

Sep 8, 2025

AI

The property asset involved in this transaction is located at 1500 Solana Boulevard in Westlake. It encompasses 26,000 square feet of office space within the Terraces at Solana complex, which spans 1.1 million square feet. The complex is owned by Glenstar, based in Chicago, and Singerman Real Estate.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 26,000
  • Address: 1500 Solana Boulevard
  • Market: Westlake
  • Landlord: Michael Klein - Glenstar & Seth Singerman - Singerman Real Estate
  • Tenant: M1 Support Services

M1 Support Services has entered into a lease agreement to occupy the space at the Terraces at Solana, relocating from Denton. This transaction reflects the ongoing activity within the office real estate market in the Westlake area.

Players

SE
Singerman Real EstateLandlord

Michael Klein

Glenstar

Landlord

$102.7M

vol

5 deals

Landlord
G
GlenstarLandlord

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