Sunday, February 7, 2016

HFF arranges $64.2 million refinancing for Houston, TX Class A office complex

Brookhollow Central I, II and III,  2800, 2900 and 2950, North Loop Houston, TX
                                                                                                                        Photo by Jud Haggard

Ed Coco
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $64.2 million refinancing for Brookhollow Central I, II and III, a three-building, Class A office complex totaling 806,541 square feet in Houston, Texas.

Working on behalf of Parmenter, HFF placed the loan with MetLife Real Estate Investors.  The loan is interest-only for the full term and was used to refinance the existing debt and provide capital for future tenant improvements, leasing commissions and capital expenditures.
Brookhollow Central I, II and III are located at 2800, 2900 and 2950 North Loop at the intersection of US 290 and Interstate 610 in Houston’s North Loop West submarket. 

The property is convenient to Houston’s Galleria and Uptown areas as well as Interstate 10, which links the property to Houston’s Energy Corridor, western suburbs and downtown. 

Substantially renovated between 2006 and 2015, the complex is anchored by the Houston area headquarters of Comerica Bank.  . Brookhollow Central I, II and III offers tenants amenities including on-site parking in a 2,882-space parking garage, a fitness center, deli and on-site management.  

The HFF debt placement team representing the borrower was led by senior managing directors Ed Coco and Wally Reid.

“The US 290 corridor expansion and improvement project, due for completion in 2017, will further enhance Brookhollow’s excellent freeway access and freeway visibility,” said Coco.

 “The project includes widening US 290, adding feeder lanes, installing the Hempstead Tollway and reconstructing the US 290/I-10/I-610 interchange, which will provide a new exit off of I-610 for access to Brookhollow.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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