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2103 CityWest BLVD, Houston...

Honeywell Leases 114068 Square Feet At 2103 CityWest Blvd Houston With Parkway Property Investments As Landlord
LEASEDOffice

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

John Morrison

Broker

$7.9M

vol

3 deals

Broker
CBRE
CBREBrokerage

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