CTCI Americas Inc Leases 49662 Square Feet At 15721 Park Row Houston Represented By Josh Morrow
15721 Park Row, Houston, TX, 77084
Building Size
49,662 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
15721 Park Row is a six-story office building located in Houston’s Energy Corridor, encompassing a total of 145,000 square feet. The recently leased space by CTCI Americas Inc. spans 49,662 square feet. The property features amenities such as a tenant lounge, conference facilities, and an outdoor collaboration area.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Address: 15721 Park Row, Houston, TX, 77084
- Market: Houston
- Tenant: CTCI Americas Inc
- Landlord: BH Properties
- Tenant's Rep: Josh Morrow - Avison Young
- Landlord's Rep: Jenny Mueller - CBRE
The transaction involved Josh Morrow representing CTCI Americas Inc. in the lease negotiations, while the leadership team from CBRE, including Jenny Mueller, represented the landlord, BH Properties, in this agreement.
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