Noble Corp. Leases 110,250 Square Feet At CityWestPlace In Houston With Savills As Tenant's Rep
2103 Citywest Boulevard
Building Size
110,250 SF
Asset Type
Office
Closing
Aug 9, 2024
AI
The property involved in this transaction is located at 2103 Citywest Boulevard in Houston. It is an office asset with a total area of 110,250 square feet, counting three floors at Building 1 in CityWestPlace. The landlord for this lease is Parkway & Midway, while the tenant is Robert W. Eifler from Noble Corp. Occupancy of the leased space is anticipated for early 2025.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2103 Citywest Boulevard
- Market: Houston
- Landlord: Parkway & Midway
- Tenant: Robert W. Eifler - Noble Corp.
- Landlord's Representative: J.P. Hutcheson & Rima Soroka - Parkway Properties
- Tenant's Representative: Jennifer Meehan, Jim Bell & Mark O’Donnell - Savills
In this transaction, representatives from both sides played crucial roles. The landlord's interests were represented by J.P. Hutcheson and Rima Soroka from Parkway Properties, ensuring the deal aligned with their objectives. Meanwhile, Noble Corp., represented by Jennifer Meehan, Jim Bell, and Mark O’Donnell from Savills, successfully negotiated the terms for their lease of the designated space.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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