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1800 Hughes Landing Boulevard

Weaver Relocates To 11,000-SF Office In The Woodlands With Lease In One Hughes Landing
LEASEDOffice

Weaver Relocates To 11,000-SF Office In The Woodlands With Lease In One Hughes Landing

1800 Hughes Landing Boulevard

Building Size

11,000 SF

Asset Type

Office

Closing

Oct 25, 2023

AI

Weaver, an accounting firm, has secured a lease for an 11,000-square-foot office space at One Hughes Landing in The Woodlands. The property, located at 1800 Hughes Landing Boulevard, is situated in a prime market 30 miles north of Houston. The lease transaction was facilitated by Citadel Partners on behalf of Weaver and Colliers representing the landlord, Howard Hughes Holdings Inc.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Square Footage: 11,000 SF
  • Address: 1800 Hughes Landing Boulevard
  • Market: The Woodlands

The lease agreement was completed on October 25, 2023. Weaver will be relocating to the newly leased office in early December. Howard Hughes Holdings Inc, the landlord, was represented by David O'Reilly. John Mackel, the representative of Weaver, worked with Katherine Jessen and Scott Morse from Citadel Partners. Jillian Fredericks and Norman Munoz from Colliers served as the landlord's representatives in the deal.

It is worth noting that Weaver's decision to lease this office space demonstrates their commitment to expanding their presence in the area. The Woodlands, with its proximity to Houston, offers a strategic location for their operations. This move allows Weaver to establish a strong foothold and better serve their clients within the region.

Players

Jillian Fredericks

Colliers

Broker

8 deals

Broker
David R. O’Reilly

David R. O’Reilly

Howard Hughes Corporation

Landlord

$1.7B

vol

5 deals

Landlord

Spring 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