$27M Financing for West Pointe Center

Regions Southwest | Houston
$27M Financing for West Pointe Center
June 17, 2008

Financing in the form of a construction loan and joint venture equity accounting for an aggregate $27 million has closed for West Pointe Center, a 166,400-square-foot spec office project in western Houston, Tex. Operating on behalf of Dallas-based borrower White Rock Commercial,  Holliday Fenoglio Fowler L.P. orchestrated the financing deal, securing a three-year construction loan from Wachovia Bank N.A., and joint venture equity from GE Real Estate. Sited on a nearly 11-acre parcel off Sam Houston Tollway and West Road, the three-story green building is on target to reach completion next year

 
Recent Houston Headlines
$700M Houston-Area Mixed-Use Project Expands
A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.
Grubb & Ellis Acquires Houston Office Building
Grubb & Ellis Realty Investors L.L.C. has purchased Oak Park Office Center III, a 151,000-square-foot office building in Houston’s Westchase submarket, in a $34 million deal with Realty Associates Oak Park III L.P.