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Parkway Garners Refi on Westchase Offices
JLL Capital Markets arranged refinancing for Two CityWestPlace, an office tower totaling 443,549 square feet in Houston’s Westchase submarket. Terms of the refi were not disclosed. However, the property reportedly was last appraised at $115 million.
A JLL Capital Markets team of Susan Hill, Jett Lucia and Sherri Rollins worked on behalf of the borrower, Parkway Property Investments, to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens Bank.
Two CityWestPlace is located at 2107 CityWest Blvd., within the larger four-building CityWestPlace office complex. The 29-acre park is positioned 12 miles west of downtown Houston along the Sam Houston Tollway, and is within close proximity to the Energy Corridor and CITYCENTRE, as well as residential areas including Briargrove Park, Spring Branch and West Memorial.
Two CityWestPlace offers 20 stories of Class A office space, which is currently 99% leased.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
