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.