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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 200 Westlake Park Boulevard
- Market: Houston
- Square Footage: 47,150 SF
- Tenant: Brian Jenkins - DBR Engineering Consultants
- Landlord's Rep: Tyler Garrett & Matt Pruitt - JLL
- Tenant's Rep: Dustin Devine & Anthony Squillante - Avison Young
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
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