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4400 Post Oak Parkway

Weaver Leases 60,000 SF Office Space In Houston
LEASEDOffice

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

Scott Morse

Citadel Partners

Broker

4 deals

Broker
CG
CP GroupLandlord

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