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| 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.
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| 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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