facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

11757 Katy Freeway

DZMI Acquires Kirkwood Tower Office Property In Houston For 285682 Square Feet
SOLDOffice

DZMI Acquires Kirkwood Tower Office Property In Houston For 285682 Square Feet

11757 Katy Freeway

Building Size

285,682 SF

Asset Type

Office

Closing

Jan 5, 2026

AI

The property involved in this transaction is an office space located at 11757 Katy Freeway in Houston, encompassing a total area of 285,682 square feet. The transaction marks the acquisition of Kirkwood Tower, positioned within Houston's Energy Corridor.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 11757 Katy Freeway
  • Market: Houston
  • Asset Size: 285,682 SF
  • Buyer: DZMI
  • Buyer's Representative: Matthew Asvestas - Stream Realty Partners
  • Seller's Representatives: Jeff Hollinden & Rick Goings - JLL

Matthew Asvestas represented DZMI in this transaction, while the sellers were represented by Jeff Hollinden and Rick Goings from JLL. The collaboration among these professionals facilitated the successful acquisition of the property.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
JLL
JLLBrokerage

Houston Office Market Snapshot

Boundary boundary · Office · Sale 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