Honeywell Leases 114068 Square Feet At 2103 CityWest Blvd Houston With Parkway Property Investments As Landlord
2103 CityWest BLVD, Houston, TX, 77...
Building Size
114,068 SF
Asset Type
Office
Closing
Jul 16, 2019
AI
The property asset involved in the transaction is located at 2103 CityWest BLVD, Houston, TX. This lease transaction encompasses a total of 114,068 square feet in the Houston market, representing a significant area for the involved parties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2103 CityWest BLVD, Houston, TX
- Market: Houston
- Square Feet: 114068
- Tenant: Honeywell
- Landlord: Parkway Property Investments LLC
- Tenant's Representative: John Morrissey - Jackson Cross Partners, John Morrison
- Landlord's Representative: J.P. Hutcheson - Parkway Properties
This transaction involved key individuals including John Morrissey representing the tenant, Honeywell, along with John Morrison. On the other side, the landlord, Parkway Property Investments LLC, was represented by J.P. Hutcheson from Parkway Properties. These representatives played pivotal roles in the negotiation and execution of the 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