McFarland PLLC Leases Office Space At 811 Louisiana St, Houston From Busycon Properties
811 Louisiana St, Houston, TX, 77002
Building Size
6,100 SF
Asset Type
Office
Closing
Mar 7, 2017
AI
The office lease transaction at 811 Louisiana St, Houston, TX, 77002, involved a 6,100 square feet space. The tenant, McFarland PLLC, secured this office space in the vibrant Houston market. The tenant's representatives were Kevin Kushner and William Padon from CBRE, negotiating with the landlord Busycon Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Houston
- Tenant: McFarland PLLC
- Landlord: Busycon Properties
- Square Feet: 6100
Colvill Office Properties managed the leasing activity at 811 Louisiana St, successfully closing on four new office leases. The notable deals included a 19,000 square feet lease to Willis Towers Watson, a 4,400 square feet lease to EVX Midstream Partners, and a 3,300 square feet lease to Booking.com. Various brokers like Jeff Cairns, Bob Denney, Brandon Clarke, and Weldon Martin were involved in representing different tenants in these transactions. Furthermore, Paula Bruns, Damon Thames, and Chip Colvill represented the building's ownership, Busycon Properties, in all lease negotiations.
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