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3 Waterway Square

Waste Connections US Inc. Renews And Expands Lease For Office Space In The Woodlands
LEASEDSingle Family Residence

Waste Connections US Inc. Renews And Expands Lease For Office Space In The Woodlands

3 Waterway Square

Building Size

116,817 SF

Asset Type

Single Family Residence

Closing

Jul 14, 2023

AI

The Woodlands office market has witnessed a lease transaction at 3 Waterway Square. Waste Connections US Inc., an established company, has recently renewed and expanded its office lease in The Woodlands, Texas. The company will now occupy a total of 116,817 square feet of office space in the prestigious 3 Waterway Square building.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3 Waterway Square
  • Market: The Woodlands
  • Square Footage: 116,817

Waste Connections US Inc.'s decision to renew and expand its lease highlights their commitment to the area. The office space is provided by The Howard Hughes Corp., the landlord of 3 Waterway Square. Assisting the landlord in this transaction are Robert Parsley, Norman Munoz, and Jillian Fredericks from Colliers, serving as the landlord's representatives. Waste Connections US Inc. was represented by Jason Whittington from Partners Real Estate.

Players

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker
Howard Hughes Corporation
Howard Hughes CorporationLandlord

Texas Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · 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