Namdar Realty And Mason Asset Management Acquire Office Asset In Houston From WP Carey For $66M
601 Jefferson Street
$66,000,000
$63/SF
Building Size
1,047,748 SF
Asset Type
Office
Closing
Jan 14, 2026
About this deal
AI
The asset involved in the transaction is an office building located at 601 Jefferson Street, Houston, TX. The property has a sale price of $66,000,000 and encompasses a total square footage of 1,047,748, resulting in a price per square foot of $62.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $66,000,000
- Square Footage: 1,047,748
- Price Per Square Foot: $62
- Buyer: Namdar Realty + Mason Asset Management
- Seller: WP Carey
- Brokers: Kevin McConn & Jeff Hollinden - JLL
- Attorney: Ben Sedaghatzandi Esq. - Hakimi Law
Key individuals involved in the transaction include Igal Namdar, Jonathan Abda, Andrew Ebrani, Kevin McConn, and Jeff Hollinden, with the brokers representing the buyers in the deal. Ben Sedaghatzandi Esq. served as the attorney representing the transaction.
On the Map
$66,000,000
$63/SF
Office
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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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93