HFF Secures $65M Loan for West Houston Office Asset
ByHouston—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…