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| CityPlace, Spring, TX Rendering courtesy Patrinely Group |
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| Cortney Cole |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a construction loan for
the development of CityPlace 2, a
327,000-square-foot, Class A office building that will be the first office
building to be developed in CityPlace in Spring, Texas.
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| Wally Reid |
HFF worked on behalf of
the borrower, a venture comprised of Patrinely Group, LLC; USAA Real Estate
Company and CDC Houston Inc managed entity, to secure the five-year, fixed-rate
construction permanent loan through American National Insurance Company
headquartered in Galveston, Texas.
Due for completion in
2018, CityPlace 2 will be the first office building to be delivered within the
larger 60-acre CityPlace mixed-use urban development that will feature more
than four million square feet of Class A office, more than 600 units of luxury
mid-rise residential, a 337-room full-service hotel and conference center, and
more than 400,000 square feet of retail space including shops, restaurants and
other entertainment options.
CityPlace is part of the larger 2,000-acre
Springwoods Village master-planned mixed-use community located at the
intersection of Interstate 45, the Grand Parkway and the Hardy Toll Road in
northeast Houston.
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| Trent Agnew |
Adjacent to the new Exxon Mobil Corporation Campus and Southwestern Energy Company’s new headquarters campus, the property is also close to Bush Intercontinental Airport, The Woodlands and not far from Houston’s Central Business District.
CityPlace 2 will feature
10 stories of office space that is 100 percent pre-leased to American Bureau of
Shipping. The building will also feature
24,000 square feet of ground floor retail and dining and a parking structure
for tenants and visitors.
The HFF debt placement
team representing the borrower was led by senior managing director Wally Reid, managing director Cortney Cole and director Trent Agnew.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617-848-1572 | cell
617-543-4873 | www.hfflp.com
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