Kerr Taylor Of Fifth Corner Acquires Office And Retail Complex From Julie Tysor Taetz
2444 Times Boulevard, 2400 Times Blvd & 2400 Rice Boulevard
Building Size
198,000 SF
Asset Type
Office
Closing
Sep 11, 2025
AI
The property asset involved in this transaction is a retail and office complex totaling 66,000 square feet, located at 2444 Times Boulevard, 2400 Times Boulevard, and 2400 Rice Boulevard in the Houston market. The complex spans 2 acres and was 68% leased as of March, comprising 28,500 square feet of office space and 38,035 square feet of retail space, along with rooftop parking.
Summary of transation details:
- Property Type: Office & Retail
- Transaction Amount: Not disclosed
- Address: 2444 Times Boulevard, 2400 Times Boulevard & 2400 Rice Boulevard
- Market: Houston
- Buyer: Kerr Taylor - Fifth Corner
- Seller: Julie Tysor Taetz - The Appelt Co.
- Brokers: David Carter, Pat Duffy, Chip Nash, Bob Heard & Jaleel Adatia - Colliers
This transaction highlights Kerr Taylor representing Fifth Corner as the buyer, acquiring the asset from seller Julie Tysor Taetz, who represents The Appelt Co. The brokerage team from Colliers, consisting of David Carter, Pat Duffy, Chip Nash, Bob Heard, and Jaleel Adatia, facilitated the deal, demonstrating their expertise in navigating property transactions in the Houston area.
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