Stephens Insurance Renews And Expands Office Lease At Nine Greenway Plaza In Houston With JLL Representing Tenant
9 East Greenway Plaza
Building Size
35,454 SF
Asset Type
Office
Closing
Nov 13, 2023
About this deal
AI
NINE GREENWAY PLAZA - HOUSTON, TX: Stephens Insurance, represented by JLL, has renewed and expanded its office lease at Nine Greenway Plaza in Houston. The lease now covers a total area of 35,454 square feet. Nine Greenway Plaza is an office building located at 9 East Greenway Plaza in Houston.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 9 East Greenway Plaza, Houston, TX
- Market: Houston
- Landlord: Parkway Properties
- Tenant: Stephens Insurance - Warren A. Stephens
- Landlord's Rep: Amanda Nebel & J.P. Hutcheson - Parkway Properties
- Tenant's Rep: Anya Marmuscak & Don King - JLL
The lease renewal and expansion were facilitated by JLL, representing Stephens Insurance, while Parkway Properties internally represented the landlord. The specific details regarding the transaction amount and market value were not disclosed in the provided information.
On the Map
Office
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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