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9950 Woodloch Forest Dr The...

The Howard Hughes Corporation Leases 133,948 SF Of Office Space At 9950 Woodloch Forest Tower In The Woodlands
LEASEDOffice

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

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.

Players

Anthony Squillante

Avison Young

Broker

10 deals

Broker
Howard Hughes Corporation
Howard Hughes CorporationTenant

Texas 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