Remi Eriksen Of JLL Leases 62,779 SF Office At The Offices At Greenhouse In Houston
19219 Katy Freeway
Building Size
62,779 SF
Asset Type
Office
Closing
Jan 30, 2025
AI
The asset involved in this transaction is an office property located at 19219 Katy Freeway in Houston's Energy Corridor. The facility comprises 62,779 square feet and contributes to a larger building total of 208,809 square feet, currently at 74% occupancy with a remaining 52,334 square feet still available.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 19219 Katy Freeway
- Market: Houston
- Landlord: Paul D. Agarwal - Capital Commercial Investments
- Tenant: Remi Eriksen - DNV USA
- Landlord's Rep: Doug Little, Jack Scharnberg, & Kelli Gault - Transwestern
- Tenant's Rep: Collin Grimes - JLL
The transaction marks DNV USA's relocation from Katy, TX, as they signed a lease through JLL, represented by Collin Grimes. The landlord's interests were represented by Doug Little, Jack Scharnberg, and Kelli Gault of Transwestern, facilitating the rental agreement that enhances the occupancy of the building.
Players
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