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17325 Park Row, Houston, Te...

Wood Group USA Leases Office Space At 17325 Park Row In Houston, TX
LEASEDOffice

Wood Group USA Leases Office Space At 17325 Park Row In Houston, TX

17325 Park Row, Houston, Texas 77084, United States

Building Size

226,287 SF

Asset Type

Office

Closing

Dec 7, 2022

AI

The lease transaction for an office space in Houston, TX, has been completed. The property, located at 17325 Park Row, spans a total area of 226,287 square feet. Wood Group USA is the tenant who has secured the lease from the landlord, Griffin Realty Trust. The lease agreement was finalized on December 7, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 17325 Park Row, Houston, TX
  • Market: Houston, TX
  • Asset Type: Office
  • Square Footage: 226,287

The landlord, represented by Scott Tausk of Griffin Realty Trust, facilitated the lease deal. Cushman & Wakefield and Whitebox Real Estate acted as the landlord's representatives in the transaction, with Chip Colvill and Cameron Colvill serving as their respective agents. Wood Group USA was represented by Kevin Snodgrass, Trey Strake, and Megan Madorsky from Cushman & Wakefield.

Players

Chip Colvill

Cushman & Wakefield

Broker

5 deals

Broker
GT
Griffin Realty TrustLandlord

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