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15260 Fm 529 Road

First Community Credit Union Acquires Former Noble Energy Center Two Office In Houston
SOLDOffice

First Community Credit Union Acquires Former Noble Energy Center Two Office In Houston

15260 Fm 529 Road

Building Size

470,623 SF

Asset Type

Office

Closing

Mar 4, 2026

AI

The property asset involved in this transaction is an office space located at 15260 Fm 529 Road in Houston. This Class A office tower encompasses 470,623 square feet and sits on 4.74 acres of land. The transaction marks a significant acquisition for First Community Credit Union, which has secured the former Noble Energy Center Two as its new corporate headquarters to facilitate its strategic expansion.

Summary of transaction details:

The transaction involved key players including TJ Tijerina, representing First Community Credit Union in the acquisition, and Larry Cedillo, who acted as the buyer's representative from Cross Capital Realty. The seller was represented by a team from JLL, comprising Kevin McConn, Jeff Hollinden, and Max Myers, facilitating the marketing of the property and ensuring a smooth transaction process.

Players

Kevin McConn

JLL

Broker

$213M

vol

29 deals

Broker

TJ Tijerina

First Community Credit Union

Buyer

1 deal

Buyer

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