HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged refinancing for Dairy Ashford Plaza, two office buildings in the Westchase submarket of Houston, Texas. HFF managing director Tucker Knight (top right photo) and real estate analyst Steven Gautier exclusively represented the borrower, DAP Plaza, Ltd. in securing the fixed-rate, non-recourse financing through Ohio National Financial Services. The loan will be serviced by HFF.
Built in 1979, the properties are located at 2000 and 2020 South Dairy Ashford Road between Interstate 10,
The Westpark Tollway and Beltway 8 in West Houston. 2000 Dairy Ashford is comprised of 105,419 square feet and 2020 Dairy Ashford is comprised of 107,890 square feet. “Due to Houston’s strong office market, deal sponsorship and low loan to value, Ohio National was able to originate the loan with an appealing rate on a non-recourse basis,” said Gautier.
CONTACTS:
Tucker S. Knight, HFF Managing Director, 713 852 3500, tnight@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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