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4400 Post Oak Parkway Houst...

Updated Oct 29, 2024

Thompson, Coe, Cousins & Irons Lease 61,875 SF Office Space At 4400 Post Oak Parkway, Houston
LEASEDOffice

Thompson, Coe, Cousins & Irons Lease 61,875 SF Office Space At 4400 Post Oak Parkway, Houston

4400 Post Oak Parkway Houston, Texas 77027, USA

Building Size

61,875 SF

Asset Type

Office

Closing

Jun 26, 2023

About this deal

AI

Houston law firm Thompson, Coe, Cousins & Irons has signed a lease agreement to relocate to the 5POP office building in the city's Uptown area. The firm will occupy a total of 61,875 square feet of office space. The property, located at 4400 Post Oak Parkway, is owned by CP Group and represented by Transwestern. The lease transaction took place on June 26, 2023.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 61,875 SF
  • Address: 4400 Post Oak Parkway, Houston
  • Market: Houston

CBRE brokered the lease on behalf of Thompson, Coe, Cousins & Irons, while Transwestern represented the building's owner, CP Group. The move to the 5POP office building signifies the firm's continued growth and presence in the Houston area. The lease agreement allows Thompson, Coe, Cousins & Irons to establish a new office space that meets their business needs and supports their operations. The deal was finalized on June 26, 2023, providing a seamless transition for the law firm.

Players

CG
CP GroupLandlord

Texas 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

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