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| Cortney Cole |
HOUSTON, TX – HFF announced it has arranged financing for Seventeen15
Enclave, a 206-unit, Class A multi-housing community in Houston’s Energy
Corridor.
HFF worked exclusively on behalf of the borrower, Allen
Harrison Company, to secure the 10-year, fixed-rate loan with five years of
interest-only payments through MC Five Mile Commercial Mortgage Finance.
Seventeen15 Enclave is located at 1715 Enclave Parkway near
Eldridge Parkway and Briar Forest Drive in West Houston.
The community is near major employment
centers, including the Energy Corridor, Park 10 Business Center, Enclave
Business Park, retail destinations such as CityCentre and Memorial City Mall,
and more than 50 miles of hiking, cycling and jogging trails.
The two-phase property includes an original
86-unit section that has been fully rehabbed along with 120 additional units
completed in 2014. The property is 95
percent leased and offers one- and two-bedroom floor plans ranging between
approximately 733 square feet and 1,205 square feet. Community amenities include a resort-style swimming pool, fitness
center, clubhouse, game room and coffee bar.
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| Chris Rider |
The HFF debt placement team representing the borrower was
led by director Cortney Cole and senior real estate analyst Chris
Rider.
Allen Harrison Company is a privately-held real estate
investment and service company specializing in multifamily properties.
Headquartered in Houston, Texas, Allen Harrison Company focuses on properties
located in markets throughout the southern United States.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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