The Howard Hughes Corporation Leases 133,948 SF Of Office Space At 9950 Woodloch Forest Tower In The Woodlands
9950 Woodloch Forest Dr The Woodlands, TX 77380, USA
Building Size
374,677 SF
Asset Type
Office
Closing
Jun 13, 2023
About this deal
AI
The Howard Hughes Corporation has leased 133,948 square feet of office space at 9950 Woodloch Forest Tower in The Woodlands. The property, located at 9950 Woodloch Forest Drive, offers a total of 374,677 square feet of office space. The Woodlands market continues to experience high demand for office space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 9950 Woodloch Forest Drive
- Market: The Woodlands
- Square Footage: 374,677
The lease deal at 9950 Woodloch Forest Tower in The Woodlands was brokered by Anthony Squillante and Drew Coupe from Avison Young, Reggie Beavan, Adam Grimm, and Audrey Selber from Newmark, Steve Andrews from Fischer, Chad Beck from Cushman & Wakefield, and Robert S. Parsley, Norman V. Munoz, and Jillian Fredericks from Colliers. The tenants leasing the office space include Kodiak Gas Services, LLC, Kraton Corporation, US Oncology, Inc, and Western Midstream Partners, LP, with representation from The Howard Hughes Corporation's Jim Carman.
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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