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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15260 Fm 529 Road
- Market: Houston
- Asset Size: 470,623 SF
- Acres: 4.74
- Buyer: TJ Tijerina - First Community Credit Union
- Buyer's Representative: Larry Cedillo - Cross Capital Realty
- Seller's Representatives: Kevin McConn, Jeff Hollinden & Max Myers - JLL
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
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