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.
Texas Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
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