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
The Woodlands 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