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2103 Citywest Boulevard

Noble Corp. Leases 110,250 Square Feet At CityWestPlace In Houston With Savills As Tenant's Rep
LEASEDOffice

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

Rima Soroka

Broker

8 deals

Broker

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