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| Hanover Southampton, 5122 Morningside Drive, West University neighborhood. Houston, TX |
HOUSTON, TX – JLL Capital
Markets announced it has arranged financing for Hanover Southampton, a
206-unit multi-housing community in Houston’s affluent West University
neighborhood.
JLL
worked on behalf of the developer, Hanover Company and State Farm, to secure the
seven-year, fixed-rate loan through the Freddie Mac CME Program. The
loan will be serviced by JLL Real Estate Capital,
LLC, a Freddie Mac Optigo℠ lender.
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| Cortney Cole |
Completed in 2015, Hanover Southampton is located at
5122 Morningside Drive within walking distance to Houston’s most historic
mixed-use urban development, Rice Village, which boasts over 300 retailers and
dining establishments.
Additionally,
the property is proximate to Houston’s largest employment centers including
Texas Medical Center, Greenway Plaza, Galleria and Downtown.
The
95-percent-leased community offers 12 floors of living with units averaging
1,435 square feet each.
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| Dustin Selzer |
Community amenities include a 10,000-square-foot
rooftop resident amenity lounge, rooftop pool, 24-hour concierge, Technogym
fitness club, outdoor grilling stations, private theatre, executive conference
room, bike storage, valet dry cleaning services and pet-washing station.
The JLL debt placement team representing the borrower was
led by Managing Director Cortney Cole and Director Dustin Selzer.
Contact:
Kristen
Murphy
JLL Senior Manager
Public Relations
Phone: +1 617 848 1572
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