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990 Town And Country Boulevard

Scott Hallam Of Boardwalk Pipeline Signs 143,253-SF Office Lease At 990 Town And Country In Houston
LEASEDOffice

Scott Hallam Of Boardwalk Pipeline Signs 143,253-SF Office Lease At 990 Town And Country In Houston

990 Town And Country Boulevard

Building Size

143,253 SF

Asset Type

Office

Closing

Apr 13, 2026

AI

The property asset involved in this transaction is an office space located at 990 Town And Country Boulevard in Houston. The total square footage of the asset is 143,253 square feet, contributing to its function as a professional office environment within the market of Houston.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 990 Town And Country Boulevard
  • Market: Houston
  • Square Footage: 143,253
  • Landlord: Jason Johnson - MetroNational
  • Tenant: Scott Hallam - Boardwalk Pipeline
  • Occupancy Rate post-transaction: 91%

This lease signifies the relocation of Boardwalk Pipeline from Nine Greenway Plaza to the 990 Town & Country building. The transaction marks a significant improvement in occupancy for MetroNational, following a period of low occupancy prior to the building's acquisition.

Players

Jason Johnson

MetroNational

Landlord

4 deals

Landlord

Scott Hallam

Boardwalk Pipeline

Tenant

1 deal

Tenant

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