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1990 Post Oak BLVD, Houston...

Parkway Properties Leases 35198 Square Feet At 1990 Post Oak Blvd In Houston With Tenant's Rep Griff Bandy
LEASEDOffice

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

Griff Bandy

NAI Global

Broker

9 deals

Broker
Parkway
ParkwayLandlord

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