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5051 Westheimer Road

Chariot Energy Leases 16,192 SF Office Space At Galleria Tower 2 In Houston
LEASEDOffice

Chariot Energy Leases 16,192 SF Office Space At Galleria Tower 2 In Houston

5051 Westheimer Road

Building Size

16,192 SF

Asset Type

Office

Closing

Dec 19, 2023

AI

Chariot Energy, a solar power provider, will be moving its office to Galleria Tower 2 in Houston. The company has leased the entire 14th floor, covering a total area of 16,192 square feet. The deal was negotiated by Cushman & Wakefield and CBRE, and Chariot Energy will be relocating from Williams Tower.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 5051 Westheimer Road, Houston
  • Market: Houston
  • Landlord: Unilev Management - Raymond Levy
  • Tenant: Chariot Energy - Mohsin Khoja
  • Landlord's Rep: Brad Beasley & Win Haggard Jr - Cushman & Wakefield
  • Tenant's Rep: Cameran Lindee & Nick Bockhorn - CBRE

Chariot Energy has chosen to lease the 16,192 square feet space on the 14th floor of Galleria Tower 2. The move was facilitated by the representatives from Cushman & Wakefield and CBRE, namely Brad Beasley, Win Haggard Jr, Cameran Lindee, and Nick Bockhorn. This strategic relocation will allow Chariot Energy to establish its presence in a prominent office building situated in Houston's Galleria area.

Players

Win Haggard Jr

Cushman & Wakefield

Broker

3 deals

Broker

Raymond Levy

Unilev Management

Landlord

$101.8M

vol

8 deals

Landlord

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