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
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