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Houston Methodist Leases 75,800 SF Office Space At 1840 Dynamic Way In Houston

Property Image
LEASED
Lisa Bovermann
Scott Carter
Eric Johnson
+ 1

Texas

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Office75,800 SF
Leased 01/30/2024
the dealplayerscompscontact
Property Image
LEASED

Houston Methodist Leases 75,800 SF Office Space At 1840 Dynamic Way In Houston

Office75,800 SF
Leased 01/30/2024
Lisa Bovermann
Scott Carter
Eric Johnson
+ 1
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:75,800 SF
Transaction Type:Lease

The recently closed lease transaction involved an office space located at 1840 Dynamic Way in Houston. The property spans across 75,800 square feet and is owned by Fred Seigel of Beacon Capital Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 1840 Dynamic Way
  • Market: Houston
  • Square Footage: 75,800

Marc L. Boom, representing Houston Methodist, secured the lease for this space. Houston Methodist joins Baylor College of Medicine as one of the major tenants at Dynamic One, a 355,000-square-foot building located in Texas Medical Center's Helix Park. This facility is primarily used for biomedical research labs and contributes to the growing life sciences ecosystem in Houston.

Players

Scott Carter
CBRE
Scott Carter
3 deals
BROKER
Lisa Bovermann
Transwestern
Lisa Bovermann
2 deals
BROKER
Eric Johnson
Transwestern
Eric Johnson
1 deal(713) 272-1217
BROKER
Kaitlyn Harp
Transwestern
Kaitlyn Harp
1 deal(713) 272-1231
BROKER

Details

LEASED
IMAGE: Fred Seigel, Marc L. Boom, Eric Johnson, Kaitlyn Harp, Lisa Bovermann & Scott Carter DATE: 01/30/2024 ADDRESS: 1840 Dynamic Way MARKET: Houston ASSET TYPE: Office ~ SF: 75,800 LANDLORD: Fred Seigel - Beacon Capital Partners (@BeaconCapital) TENANT: Marc L. Boom - Houston Methodist (@HoustonMethodist) LANDLORD'S REP: Eric Johnson, Kaitlyn Harp & Lisa Bovermann - Transwestern (@Transwestern) TENANT'S REP: Scott Carter - CBRE (@CBRE) NOTE: Houston Methodist has become the second major tenant at Dynamic One, a 355,000-square-foot building in the Texas Medical Center's Helix Park, joining Baylor College of Medicine. The facility will accommodate biomedical research labs, contributing to Houston's growing life sciences ecosystem.

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Deal Type
Effective Rent (Annual)

$4,344,810.26

Total Lease Value

$43,448,102.59

Net Landlord Cash Flow$4,344,810.26