LEASEDOffice
Pillsbury Winthrop Shaw Pittman Leases 28,000 SF Office Space In Houston's 609 Main Street Tower
609 Main Street
Building Size
28,000 SF
Asset Type
Office
Closing
Jan 24, 2024
AI
Law firm Pillsbury Winthrop Shaw Pittman is relocating from Houston Center to occupy the entire 20th floor, totaling 28,000 square feet, at Hines' 609 Main at Texas tower in downtown Houston.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Square Footage: 28,000
- Address: 609 Main Street
- Market: Houston
Savills brokers represented Pillsbury Winthrop Shaw Pittman, while Damon Thames of Cushman & Wakefield represented Hines in the lease negotiations.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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