Weaver Leases 60,000 SF Office Space In Houston
4400 Post Oak Parkway
Building Size
60,000 SF
Asset Type
Office
Closing
Jun 1, 2022
AI
The 60,000 square foot office space located at 4400 Post Oak Parkway in Houston has been leased. The lease was signed by Texas-based national accounting firm, Weaver, who will be using the space as their new headquarters. Weaver's move into the new space took place in June. The lease, facilitated by Citadel Partners, also includes prominent top-of-building signage for Weaver, which is visible from I-610. The landlord of the property is CP Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 60,000
- Address: 4400 Post Oak Parkway, Houston
- Market: Houston
- Landlord: CP Group
- Tenant: Weaver
- Tenant's Representative: Scott Morse & Scott Jessen - Citadel Partners
Dallas-based Citadel Partners, a corporate tenant and asset services real estate advisory firm, represented Weaver in the lease agreement. Scott Morse and Scott Jessen from Citadel Partners worked closely with Weaver executives for over 26 years to develop a real estate strategy for the firm's national portfolio. The new space at 4400 Post Oak Parkway, also known as 5POP, will serve as Weaver's headquarters.
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