Oliva Gibbs, LLP Leases Office Space From Mac Haik Enterprises On Katy Freeway For 99 Months

The asset involved in this lease transaction is an office space located at 11750 Katy Freeway in the Houston market. The property has a total square footage of 20,974 and is subject to an asking rent of $24 per square foot. This lease is structured as a NNN Lease with a term of 99 months, reflecting the commitment between landlord and tenant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $24/ft
• Square Footage: 20,974
• Address: 11750 Katy Freeway
• Market: Houston
• Landlord: Mac Haik Enterprises
• Tenant: Oliva Gibbs, LLP
• Brokers: Ryan Hartsell - Oxford Partners; Albert Spiers & Chris Oliver - Cushman & Wakefield; Mark Reilly - JLL; Steve Bryant - Mac Haik Enterprises
• Lease Term: 99 Months
• Lease Type: NNN Lease

Ryan Hartsell represented Oliva Gibbs, LLP in this lease relocation and expansion from Downtown to The Energy Corridor. The transaction involved a collaboration between multiple brokerage representatives, including Albert Spiers and Chris Oliver of Cushman & Wakefield representing the sub-sublessor, Mark Reilly of Jones Lang LaSalle representing the sublessor, and Steve Bryant of Mac Haik Enterprises representing the landlord during the lease extension.