Feb
21

HFF Secures $65M Loan for West Houston Office Asset

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The office property is LEED certified to the Gold level.
The Plaza at Enclave, Houston, Texas
The Plaza at Enclave, Houston, Texas

Houston—HFF announced it has arranged financing for The Plaza at Enclave, a 344,296-square-foot office building located in Houston’s Energy Corridor. According to Yardi Matrix data, the borrower is Azrieli Group of Tel Aviv, Israel and the loan amount equals $64.8 million. HFF worked on behalf of the borrower to secure a 15-year, fixed-rate loan through Allianz Real Estate of America.

The six-story, Class A asset was built in 2007 at 1254 Enclave Parkway. The LEED Gold-certified property features a health club, fitness center, café with indoor and outdoor dining, a courtyard and entrance plaza with a multi-level fountain system. In addition, a multi-level parking garage offers 1,494 car spaces. The office building is anchored by DOW Chemical and was 98 percent occupied at the time of the deal…

HFF Secures $65M Loan for West Houston Office Asset

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