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| Hanover Rice Village Apartments, Near Rice University, Houston, TX |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged fixed-rate financing for Hanover Rice Village, a 379-unit, Class
A, podium-style apartment community near Rice University in Houston, Texas.
HFF worked exclusively on
behalf of the borrower, The Hanover Company (Hanover), to secure the 10-year,
fixed-rate loan through an agency lender.
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| Cortney Cole |
Completed in 2013, Hanover
Rice Village comprises 379 residential units and nine retail spaces totaling
22,599 square feet. The LEED
Green-certified property is situated at the intersection of Kelvin Drive and
Dunstan Road in the heart of Houston’s Rice Village live-work-play mixed-use
development.
Hanover Rice Village is a
few blocks west of Rice University and proximate to the Texas Medical Center
and Hermann Park. The property’s retail
component is leased to tenants, including Coppa Italian Food, Punk’s Simple
Southern Food and Cyclone Anaya’s Mexican Kitchen.
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| Scott Galloway |
Apartment units feature a
variety of one-, two- and three-bedroom floor plans with high-end finishes such
as nine-foot ceilings, custom cabinetry, large kitchen islands, stainless steel
appliances, granite countertops, walk-in closets, in-unit washers and dryers,
hardwood in living and dining areas and oversized soaking tubs.
In addition to pedestrian
access to some of the city’s best retail and dining attractions, resident
amenities also include a courtyard with resort-style swimming pool, poolside
cabanas, fire pit, grilling areas, open-air loggia with fireplace and TV,
outdoor banquette seating and dining space, The Resident Club with TV lounge
and billiards, gourmet catering kitchen, pet washing station and
controlled-entry parking garage.
The HFF debt placement
team representing Hanover was led by managing director Cortney Cole, executive managing director Scott Galloway and real estate analyst Dustin Selzer.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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