Welcome Group Inks Lease For 18,445 Square-Foot Office At 515 Post Oak Boulevard Houston
515 Post Oak Boulevard
Building Size
18,445 SF
Asset Type
Office
Closing
Apr 20, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 515 Post Oak Boulevard in Houston. The asset features 18,445 square feet of office area, which will serve as the headquarters for Welcome Group, situated on the 12th floor of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Size: 18,445 SF
- Address: 515 Post Oak Boulevard
- Market: Houston
- Tenant: Welcome Group
- Broker Representation: Parker Duffie & Joel Douthit - CBRE
CBRE represented the landlord in the lease transaction, while Welcome Group managed the deal in-house, marking a strategic expansion of their office presence in the Houston market.
On the Map
Office
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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