Wednesday, May 25, 2016

HFF arranges $6.3 million refinancing for Clear Lake, Houston-area office complex

Susan Hill
 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $6.3 million refinancing for Baybrook Office Park, a two-building office complex totaling 87,433 square feet in the Clear Lake, Houston-area suburb of Friendswood, Texas.

HFF worked on behalf of the borrower, Twenty Twenty Properties to secure the fixed-rate loan through LegacyTexas Bank.

Baybrook Office Park consists of a three-story main office building and an attached, one-story bank building with a drive-up ATM motor bank.  

The 90-percent-leased property features a diversified tenant roster including The University of Texas Medical Branch (UTMB), UTSI International Corporation, Bank of America and Golden Specialty, Inc. 

 Situated on a 4.8-acre site at 1550-1560 W Bay Area Boulevard, Baybrook Office Park is located just east of Interstate 45 between downtown Houston and Galveston in the Clear Lake area of southeast Houston.  

Baybrook Office Park, Clear Lakae Area,
Southeast Houston, TX
This location is adjacent to the Baybrook Mall and close to local employers such as the Port of Houston, NASA, Ellington Field and Hobby Airport.

The HFF debt placement team representing the borrower was led by senior managing director Susan Hill.

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

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

No comments: