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11757 Katy Freeway

Marc Rowan Of Apollo Global Management Acquires 286K SF Office Building In Houston’s Energy Corridor
SOLDOffice

Marc Rowan Of Apollo Global Management Acquires 286K SF Office Building In Houston’s Energy Corridor

11757 Katy Freeway

Building Size

286,000 SF

Asset Type

Office

Closing

Aug 12, 2025

AI

The Kirkwood Tower office building, located at 11757 Katy Freeway, is a notable asset in the Houston market, comprising 286,000 square feet. Built in 1984 and renovated in 2015, it offers various amenities, including a fitness center, sauna, wellness room, rooftop jogging track, and an onsite bank branch.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 11757 Katy Freeway
  • Market: Houston
  • Buyer: Marc Rowan
  • Buyer Company: Apollo Global Management

This transaction involved an Apollo Global Management subsidiary that acquired the Kirkwood Tower office building in West Houston's Energy Corridor. The deal highlights the increasing interest in properties within the Energy Corridor, a key area for office space in Houston.

Players

Apollo Global
Apollo GlobalBrokerage

Marc Rowan

Apollo Global

Buyer

$1.6B

vol

20 deals

Buyer
Apollo Global
Apollo GlobalBuyer

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