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1550 Lamar Street, Houston,...

Norton Rose Fulbright Leases 375,000 SF Office Space In Houston
LEASEDOffice

Norton Rose Fulbright Leases 375,000 SF Office Space In Houston

1550 Lamar Street, Houston, TX, USA

Building Size

375,000 SF

Asset Type

Office

Closing

Jan 14, 2021

AI

The leased property involved in this transaction is an office space located at 1550 Lamar Street in Houston. With a total area of 375,000 square feet, this asset is owned by Skanska and represented by Matt Damborsky. The tenant, Norton Rose Fulbright US LLP, has entered into a lease agreement for this space. The deal was facilitated by Jon Lee from CBRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 01/15/2021
  • Address: 1550 Lamar Street
  • Market: Houston
  • Tenant: Norton Rose Fulbright US LLP
  • Landlord: Skanska - Matt Damborsky
  • Broker: Jon Lee - CBRE

The involvement of Norton Rose Fulbright US LLP as the tenant in this leasing deal showcases their expansion or relocation of their office space. This transaction highlights the commitment of Skanska and their representative, Matt Damborsky, in providing quality office spaces. Furthermore, the role played by Jon Lee from CBRE demonstrates their expertise in facilitating successful lease agreements.

Players

Jon Lee

CBRE

Broker

7 deals

Broker

Matt Damborsky

Skanska

Landlord

$27M

vol

2 deals

Landlord
Norton Rose Fulbright
Norton Rose FulbrightTenant

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