Texas Jewelry District LP Acquires 182506 Square Foot Office Building In Houston's Westchase Submarket
11200 Westheimer Road
Building Size
182,506 SF
Asset Type
Office
Closing
Oct 2, 2025
AI
The transaction involves an office building known as Westheimer Central Plaza located at 11200 Westheimer Road in Houston’s Westchase submarket. The property spans a total area of 182,506 square feet and was acquired by Texas Jewelry District LP.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11200 Westheimer Road
- Market: Houston
- Square Footage: 182,506
- Buyer: Texas Jewelry District LP
- Broker Representatives: Chris Hutcheson, James Kadlick & Harrison Kane - Colliers
Colliers provided representation to the buyer, Texas Jewelry District LP, through brokers Chris Hutcheson, James Kadlick, and Harrison Kane, facilitating the acquisition of the property in this closed transaction.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale 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