facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

Hughes Landing Blvd, The Wo...

Entergy Leases 107,614 SF Office Space In The Woodlands With Tenant's Rep Bob Parsely And Landlord's Rep Hugh Herman
LEASEDOffice

Entergy Leases 107,614 SF Office Space In The Woodlands With Tenant's Rep Bob Parsely And Landlord's Rep Hugh Herman

Hughes Landing Blvd, The Woodlands, TX, USA

Building Size

107,614 SF

Asset Type

Office

Closing

Aug 17, 2021

AI

An office property located at Hughes Landing Blvd in The Woodlands has been leased. The property spans 107,614 square feet and sits on a 79-acre plot. The lease transaction took place on August 17, 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 08/17/2021
  • Address: Hughes Landing Blvd
  • Market: The Woodlands
  • Square Footage: 107,614
  • Acreage: 79

Entergy, a tenant, has entered into the lease agreement with The Howard Hughes Corp, the landlord. The tenant was represented by Bob Parsely, Norm Munoz, Jillian Fredricks, and Connor Duffy from Colliers International. The landlord, on the other hand, had Hugh Herman, Carla Williams, and Andy Ghertner from Cushman & Wakefield acting as their representatives in the deal.

Players

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker

Howard Hughes

Howard Hughes Corporation

Landlord

$234M

vol

6 deals

Landlord

The Woodlands 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