Calpine Corp Leases 126,000 Sq Ft Office Space In Houston From Hines
LEASED
Texas
See Similar DealsOffice126,000 SF
Leased 02/13/2019
LEASED
Calpine Corp Leases 126,000 Sq Ft Office Space In Houston From Hines
717 Texas Ave, Houston, TX, 77002
See Similar DealsOffice126,000 SF
Leased 02/13/2019
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:126,000 SF
Transaction Type:Lease
The office lease renewal at 717 Texas Ave, Houston, TX, 77002, involves a 126,000-square-foot space within the 697,195-square-foot property. The building, located in downtown Houston, is a 33-story structure owned and developed by Hines. Calpine Corp, a provider of natural gas and geothermal resources, has been an anchor tenant at this location since 2003.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Calpine Corp
- Landlord: Hines
- Square Feet: 126,000
- Tenant's Rep: Lucian Bukowski(CBRE)
- Landlord's Rep: Win Haggard of Colvill Office Properties
Lucian Bukowski of CBRE represented Calpine Corp in the lease negotiations at 717 Texas Ave, while Win Haggard of Colvill Office Properties acted as the representative for Hines in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,222,243.97
Total Lease Value
$72,222,439.66
Net Landlord Cash Flow$7,222,243.97
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