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| Two CityWestPlace, 2107 CityWest Boulevard, Houston, TX |
HOUSTON, TX, March 31, 2020 – JLL Capital Markets announced today that it has arranged refinancing for Two CityWestPlace, an office tower totaling 443,549 square feet in Houston’s Westchase submarket.
JLL worked on behalf of the borrower, Parkway Property Investments (“Parkway”), to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens Bank.
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| Susan Hill |
The 29-acre park is positioned 12 miles west of Downtown Houston along the Sam Houston Tollway and is within close proximity to the Energy Corridor and CITYCENTRE plus residential areas such as Briargrove Park, Spring Branch and West Memorial.
Tenants have access to various offerings shared across the four buildings, including expansive outdoor space, conference space, a dry cleaner, salon, dentist, car detailing and auto service, multiple food and beverage options and indoor and outdoor recreational offerings such as two fitness centers, a jogging track, soccer field, basketball court, sand volleyball and bocce ball court.
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| Jett Lucia |
Two CityWestPlace offers 20 stories of Class A office space, which is currently 99% leased.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Susan Hill and Analysts Jett Lucia and Sherri Rollins.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
Contact:
Kristen Murphy
Senior Manager, Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
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