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Texas  + Office  | 

Younan Properties Refis 440K-SF North Belt Portfolio in Houston

Younan Properties, Inc. refinanced three office properties in Houston, including Greenbriar Place (pictured), Bridgewood I and Bridgewood II. The suburban assets total 440,000 square feet, and are known as the North Belt portfolio.

Churchill Commercial Capital’s Richard Perry placed the three-year fixed rate loan with Money360. The amount of the loan was not disclosed.

Younan Properties’ Zaya S. Younan says, “The loan with Money360 replaces existing debt with attractive financing, enabling us to de-leverage the asset by 15% and separately fund several million dollars in reserves for future tenant improvements and commissions, as we continue our efforts to improve occupancy in the portfolio.”

Located along the Sam Houston Parkway E. in the Greenspoint/North Belt Submarket in North Houston, the properties offer access to Interstate 45, Beltway 8 and the Hardy Toll Road.

Money360’s Gary Bechtel says, “The refinancing allowed the borrower to replace the expired facility while maintaining profitable cash-flow.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing