Saturday, April 18, 2015

HFF secures refinancing for One City Centre in downtown Houston, TX


One City Centre, 1021 Main Street,
Houston, TX
HOUSTON, TX – HFF announced it has secured refinancing for One City Centre, a 608,660-square-foot, Class A, 32-story office tower and two parking garages in downtown Houston, Texas, owned by Accesso Partners, LLC.

               HFF worked on behalf of the borrower, Hallandale Beach, Florida-based Accesso, to secure the 10-year, fixed-rate loan through J.P Morgan Chase Bank, National Association.

 Loan proceeds were used to retire existing debt that was used to purchase the property in 2012 in an HFF-brokered transaction.  HFF was also involved in the prior trades of the property in 2007 and 2008.

               One City Centre is located at 1021 Main Street with direct access to the Metro Light Rail line and tunnel system in downtown Houston. 

  Originally built in 1961, the property was most recently renovated in 2010 and is LEED EB Gold certified.  

Tenants at the 86 percent leased tower include Waste Management and Energy XXI.  One City Centre also includes the 758-space One City Centre Garage and the 611-space Fannin Garage.

The HFF debt placement team representing the borrower was led by senior managing director Susan Hill and real estate analyst Michael Johnson.

Susan Hill
Accesso Partners LLC is a full-service, vertically-integrated commercial real estate investment manager, owner, and operator that aims to provide superior returns to its U.S., international and institutional investors.

  Accesso Partners LLC is headquartered in Hallandale Beach, Florida with offices in Houston, Dallas, Minneapolis, and Atlanta. 

  To learn more, please visit  www.accessopartners.com

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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