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811 Louisiana St, Houston, ...

McFarland PLLC Leases Office Space At 811 Louisiana St, Houston From Busycon Properties
LEASEDOffice

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

William Padon

CBRE

Broker

10 deals

Broker

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