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2200 Post Oak Boulevard

McCarthy Building Cos Leases 38,230 SF Office Space In Houston
LEASEDOffice

McCarthy Building Cos Leases 38,230 SF Office Space In Houston

2200 Post Oak Boulevard

Building Size

38,230 SF

Asset Type

Office

Closing

Apr 30, 2024

AI

The 38,230-square-foot space at 2200 Post Oak Boulevard, a Class A office building located in Houston's Galleria submarket, has been leased by McCarthy Building Cos. The tenant, Ray Sedey of McCarthy Building Cos., is preparing to move from Greenway Plaza to this new space next year. The lease was facilitated by Stream Realty Partners representing the landlord, Masaveu Real Estate, in the transaction, while JLL acted as the tenant's representative.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2200 Post Oak Boulevard
  • Market: Houston
  • Landlord: Masaveu Real Estate
  • Tenant: Ray Sedey - McCarthy Building Cos
  • Landlord's Rep: Adam Ross & Brad Fricks - Stream Realty Partners
  • Tenant's Rep: Beau Bellow & Scott Wetzel - JLL

Adam Ross and Brad Fricks from Stream Realty Partners represented the landlord, Masaveu Real Estate, in the lease transaction at 2200 Post Oak Boulevard. On the other side, Beau Bellow and Scott Wetzel from JLL negotiated on behalf of McCarthy Building Cos, ensuring a successful deal for the relocation of Ray Sedey's company.

Players

Brad Fricks

Stream Realty Partners⁠

Broker

10 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