Updated Nov 12, 2026
Piedmont Realty Trust Sells Office Building In Houston For $82 Million With Christopher Kollme
1414 Enclave Parkway
$82,000,000
$272/SF
Building Size
301,000 SF
Asset Type
Office
Closing
Nov 9, 2026
About this deal
AI
The 301,000-square-foot Enclave Place office building is located at 1414 Enclave Parkway in Houston, TX. It is currently under contract for a transaction amount of $82 million, which breaks down to approximately $272 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $82,000,000
- Square Footage: 301,000
- Price per Square Foot: $272
- Seller: Christopher Kollme - Piedmont Realty Trust
- Market: Houston, TX
- Closing Expected: By year-end
This transaction marks Piedmont Realty Trust's strategic move to exit the Houston market, leaving them with one remaining office property at 1430 Enclave Parkway. The company is shifting its focus to investments in the Dallas-Fort Worth region.
On the Map
$82,000,000
$272/SF
Office
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Houston Office Market Snapshot
Boundary boundary · Office · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93