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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 95,827
- Address: 2103 Citywest Boulevard
- Market: Houston
- Landlord: Parkway Properties, Midway & 3Edgewood
- Tenant: BMC Software
- Brokers: Scott Wegmann, Kevin Ray, J.P. Hutcheson & Amanda Nebel - Cushman & Wakefield
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
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