Matthew Rowland Of Third Coast Signs 21000 Square Foot Lease At 1550 Lamar Street Houston
1550 Lamar Street
Building Size
21,000 SF
Asset Type
Office
Closing
Oct 3, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 1550 Lamar Street in Houston. The asset spans a total of 21,000 square feet. It is situated in the Norton Rose Fulbright Tower, which was developed by Skanska and delivered last year. Currently, the tower is approximately 62% leased, housing other tenants such as Norton Rose Fulbright, Hicks Johnson PLLC, and Boston Consulting Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1550 Lamar Street
- Market: Houston
- Tenant: Matthew Rowland - Third Coast
- Planned Move-In: 2026
Matthew Rowland represents Third Coast Infrastructure, which has secured a lease for their headquarters at this location. The deal reflects a strategic move for Third Coast as they establish their presence in Downtown Houston.
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