Bond Raise Helps With Houston’s Brookhollow Central Refinancing

Hertz Investment Group utilized contacts in Israel to raise proceeds necessary to fund future leasing costs and repay existing debt on Brookhollow Central. The company completed a $65 million bond raise through the Tel Aviv Stock Exchange. Hertz’s Robert Licht explains, “Our existing subsidiary in Israel provides additional options for capital that most of our competitors don’t have. Now that we have secured the leasing package, we can deploy these funds to further enhance leasing efforts and achieve a fully stabilized occupancy level on the asset.”

Brookhollow Central is a three-tower office complex with more than 800,000 square feet of space with buildings between 12 and 14-stories high. On-site amenities include an auditorium-style conference facility, sundry shop, fitness center, bank, deli and 2,788 parking spaces.