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200 Westlake Park Boulevard

DBR Engineering Consultants Signs Long-Term Lease For 47150 SF Office In Houston's Energy Corridor
LEASEDOffice

DBR Engineering Consultants Signs Long-Term Lease For 47150 SF Office In Houston's Energy Corridor

200 Westlake Park Boulevard

Building Size

47,150 SF

Asset Type

Office

Closing

Jul 28, 2025

AI

The property asset involved in this transaction is an office space located at 200 Westlake Park Boulevard, Houston, featuring a total area of 47,150 square feet. The asset is situated within the Houston market and is part of Four Westlake, which has recently undergone $15 million in renovations.

Summary of transaction details:

DBR Engineering Consultants signed a long-term lease for their new headquarters, relocating from 9990 Richmond Avenue and expanding by 54%. Avison Young represented DBR in this transaction, which marks the first lease at the fully renovated tower in Houston’s Energy Corridor.

Players

Anthony Squillante

Avison Young

Broker

10 deals

Broker
JLL
JLLBrokerage
Avison Young
Avison YoungBrokerage

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