DALLAS, TX –HFF announced today that it has arranged financing for 712 Main Street (top left photo), a 794,186-square-foot, Class A office building in downtown Houston, Texas.
HFF worked exclusively on behalf of an entity owned by Brookfield Real Estate Opportunity Fund (BREOF) to secure the non-recourse loan through Capital One Bank.
Originally built in 1929, 712 Main Street is a historic 35-story gothic/art deco-style building that is the Texas headquarters of JP Morgan Chase’s (NYSE: JPM; S&P: A+) southwest banking operations. 712 Main is comprised of three towers situated on a full city block (1.2 acres).
According to HFF, the property is situated on the corner of Main and Capitol Streets in the heart of the Houston CBD and provides tenants direct access to the climate controlled downtown tunnel system and is in close proximity to nearby restaurants, hotels, retail stores, parks, the METRORail, two major professional sports venues, as well as other world-class cultural amenities like the main branch of the Houston Public Library, Discovery Green, Bayou Place and the Hobby Center for the Performing Arts.
The HFF team representing Brookfield Real Estate Opportunity Fund was led by director John Ahmed
Brookfield Real Estate Opportunity Fund is a well-capitalized and sponsored real estate fund investing in commercial real estate opportunities throughout North America. BREOF’s sponsor is Brookfield Asset Management, Inc. (Brookfield), a leading global asset management company focused on the real estate, power generation, and infrastructure sectors. With over $100 billion in assets under management, Brookfield has a considerable presence in commercial real estate.
Brookfield is among the largest office landlords in Houston with 12 office properties owned in the MSA (including 712 Main Street) for a total of over 10 million square feet of space. Brookfield is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and on NYSE Euronext under the symbol BAMA.
Contact:
John Ahmed, HFF Director, (214) 265-0880, jahmed@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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