HFF Arranges $64.3M Refinacing for Brookhollow Central in Houston
- Feb 08, 2016
Located at 2800, 2900 and 2950 North Loop at the intersection of US 290 and Interstate 610 in Houston’s North Loop West submarket, Brookhollow Central I, II and III offers 806,541 square feet of office space and amenities for tenants such as on-site parking in a 2,882-space parking garage, a fitness center, deli and on-site management.
HFF placed the loan with MetLife Real Estate Investors on behalf of Parmenter. 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. Senior Managing Directors Ed Coco and Wally Reid led the HFF debt placement team representing the borrower.
“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 in prepared remarks. “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.”
Images courtesy of Brookhollow Central