David Rockecharlie Of JLL Brokers 125,000 Square Foot Lease For Crescent Energy In Houston
609 Main Street
Building Size
125,000 SF
Asset Type
Office
Closing
Apr 15, 2026
About this deal
AI
The property asset involved in this transaction is an office space totaling 125,000 square feet located at 609 Main Street in Houston. The lease signifies a strategic move for Crescent Energy as they expand their office presence in Houston's core with plans for a significant buildout valued at $27 million on the 12th through 14th floors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27 million buildout
- Address: 609 Main Street
- Market: Houston
- Tenant: David Rockecharlie - Crescent Energy
- Broker: JLL
Crescent Energy, represented by David Rockecharlie, is making a notable transition from its previous location at JPMorgan Chase Tower as part of this lease agreement, which was facilitated by the brokerage JLL.
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