Parkway Properties Leases 35198 Square Feet At 1990 Post Oak Blvd In Houston With Tenant's Rep Griff Bandy
1990 Post Oak BLVD, Houston, TX, 77...
Building Size
35,198 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The asset involved in the transaction is a 35,198-square-foot office space located at 1990 Post Oak BLVD in Houston, TX, situated within the Post Oak Central campus, which encompasses three buildings totaling 1.2 million square feet. This lease agreement has been established in the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1990 Post Oak BLVD, Houston, TX
- Market: Houston
- Tenant: Brown Sims
- Landlord: Parkway
- Tenant's Representative: Griff Bandy (NAI Capital)
- Landlord's Representative: Amanda Nebel (Parkway Properties)
- Square Feet: 35,198
This transaction marks the law firm Brown Sims securing two full floors within the commercial space, facilitated by Amanda Nebel representing the landlord, Parkway. Griff Bandy represented the tenant, Brown Sims, in the negotiations for this lease agreement.
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