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2103 Citywest Boulevard

BMC Software Renews Lease For 95827 Square Feet At CityWest 4 With Cushman & Wakefield
LEASEDOffice

BMC Software Renews Lease For 95827 Square Feet At CityWest 4 With Cushman & Wakefield

2103 Citywest Boulevard

Building Size

95,827 SF

Asset Type

Office

Closing

Nov 10, 2025

AI

The property asset involved in this transaction is an office building located at 2103 Citywest Boulevard in Houston. The property encompasses a total of 95,827 square feet within a four-building Class AA campus, which now has an occupancy rate of 97%. The landlord consortium consists of Parkway Properties, Midway, and 3Edgewood.

Summary of transaction details:

The deal highlights the representation of both the landlord consortium and tenant BMC Software by Cushman & Wakefield, with BMC remaining the original developer of the 518,907-square-foot building. Notably, BMC Software has chosen to extend its lease within the property.

Players

J.P. Hutcheson

Parkway Properties

Broker

9 deals

Broker
Parkway Properties
Parkway PropertiesLandlord
Midway
MidwayLandlord

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