BEHRINGER HARVARD REFINANCES HOUSTON OFFICE PROPERTY

HOUSTON — Behringer Harvard has refinanced the 502,410-square-foot One BriarLake Plaza in Houston’s Westchase district. The proceeds from the financing and cash on hand were used to repay the balance under Behringer Harvard REIT I, Inc.’s credit facility. NorthMarq arranged new financing for the property through senior lender Bank of America and mezzanine lender SBAF Mortgage Fund I/Lender. The property is 98 percent leased.