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2444 Times Boulevard

Kerr Taylor Of Fifth Corner Acquires Office And Retail Complex From Julie Tysor Taetz
SOLDOffice

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:

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

Chip Nash

Colliers

Broker

21 deals

Broker
Colliers
ColliersBrokerage

Kerr Taylor

Fifth Corner

Buyer

3 deals

Buyer
Julie Tysor Taetz

Julie Tysor Taetz

The Appelt Co.

Seller

1 deal

Seller
The Appelt Co.
The Appelt Co.Seller

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