Mears Group Leases Office Space From Rowan Cos On Westheimer Rd, Houston
LEASED
Texas
See Similar DealsOffice7,800 SF
Leased 11/15/2016
LEASED
Mears Group Leases Office Space From Rowan Cos On Westheimer Rd, Houston
5051 Westheimer Rd, Houston, TX, 77...
See Similar DealsOffice7,800 SF
Leased 11/15/2016
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:7,800 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 5051 Westheimer Rd, Houston, TX, encompassing a total of 7,800 square feet. The transaction took place within the Houston market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Square Feet: 7,800
- Address: 5051 Westheimer Rd, Houston, TX
- Tenant: Mears Group
- Landlord: Rowan Cos
- Tenant's Representative: Matthew Dickson - Savills
- Landlord's Representatives: Scott Wegmann - Cushman & Wakefield
This leasing transaction involved the Mears Group expanding their operations, with representation from Matthew Dickson from Savills. The landlord, Rowan Cos, was represented by Scott Wegmann and Trey Strake from Cushman & Wakefield.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$447,091.29
Total Lease Value
$4,470,912.93
Net Landlord Cash Flow$447,091.29
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