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| Brookhollow Central I, II and III, 2800, 2900 and 2950, North Loop Houston, TX |
Photo by Jud Haggard
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| Ed Coco |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a $64.2 million
refinancing for Brookhollow Central I,
II and III, a three-building, Class A office complex totaling 806,541
square feet in Houston, Texas.
Working on behalf of
Parmenter, HFF placed the loan with MetLife Real Estate Investors. The loan is interest-only for the full term
and was used to refinance the existing debt and provide capital for future
tenant improvements, leasing commissions and capital expenditures.
Brookhollow Central I, II
and III are located at 2800, 2900 and 2950 North Loop at the intersection of US
290 and Interstate 610 in Houston’s North Loop West submarket.
The property is convenient
to Houston’s Galleria and Uptown areas as well as Interstate 10, which links
the property to Houston’s Energy Corridor, western suburbs and downtown.
Substantially renovated
between 2006 and 2015, the complex is anchored by the Houston area headquarters
of Comerica Bank. . Brookhollow Central
I, II and III offers tenants amenities including on-site parking in a
2,882-space parking garage, a fitness center, deli and on-site management.
The HFF debt placement
team representing the borrower was led by senior managing directors Ed Coco and Wally Reid.
“The US 290 corridor
expansion and improvement project, due for completion in 2017, will further
enhance Brookhollow’s excellent freeway access and freeway visibility,” said
Coco.
“The project includes widening US 290, adding
feeder lanes, installing the Hempstead Tollway and reconstructing the US
290/I-10/I-610 interchange, which will provide a new exit off of I-610 for
access to Brookhollow.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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