David Littwitz Represents Mack McDonald In 16,000 SF Retail Lease At 4400 Post Oak Parkway
4400 Post Oak Parkway
Building Size
16,000 SF
Asset Type
Retail
Closing
May 30, 2024
About this deal
AI
The retail property located at 4400 Post Oak Parkway in Houston spans 16,000 square feet. Angelo Bianco from CP Group serves as the landlord, while the tenant is Mack McDonald, who is set to open an upscale dining destination named Mack Allen’s in the space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4400 Post Oak Parkway, Houston
- Market: Houston
- Landlord: Angelo Bianco - CP Group
- Tenant: Mack McDonald
David Littwitz of Littwitz Restaurant Real Estate represents Mack McDonald in the leasing deal, facilitating the establishment of Mack Allen’s in the revamped 5POP skyscraper near River Oaks. The move underscores the growing interest in updated properties for ground-floor retail and dining establishments, aligning with a trend of investments in capital improvements for such buildings by CP Group and Rialto Capital.
Houston Retail Market Snapshot
Boundary boundary · Retail · Lease 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