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700 Louisiana Street

Wright Close & Barger LLC Leases 41000 SF Office At TC Energy Center In Houston
LEASEDOffice

Wright Close & Barger LLC Leases 41000 SF Office At TC Energy Center In Houston

700 Louisiana Street

Building Size

41,000 SF

Asset Type

Office

Closing

Aug 7, 2025

AI

The property asset involved is an office space located at 700 Louisiana Street in Houston, encompassing a square footage of 41,000. The asset is situated in a market experiencing growth and development, with the building undergoing renovations to enhance amenities. The property is identified as the LEED Gold-certified TC Energy Center.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Kenneth Moczulski - M-M Properties
  • Tenant: Wright Close & Barger LLC
  • Landlord's Representative: John Spafford - CBRE
  • Tenant's Representatives: Joshua Brown, Audrey Selber & Kaitlyn Duffie - Newmark
  • Notable Lease: Wright Close & Barger signed a headquarters lease at TC Energy Center, relocating from One Riverway with a 60% larger footprint.

The deal involves notable individuals and companies, including Kenneth Moczulski, representing M-M Properties, and the team from Newmark, which consists of Joshua Brown, Audrey Selber, and Kaitlyn Duffie, representing Wright Close & Barger LLC in the transaction. John Spafford acted as the representative for the landlord, ensuring the negotiation of terms for the lease agreement.

Players

Joshua Brown

Newmark

Broker

9 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage

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