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
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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