HOUSTON — Los Angeles-based Canyon-Johnson Urban Funds has partnered with Houston-based Midway to acquire Houston Pavilions, a Class A, mixed-use project spanning three blocks and 556,000 square feet on the eastern side of downtown Houston. The buildings making up Houston Pavilions are connected throughout via sky bridges and above-ground walkways. The development includes the fully leased, 11-story regional headquarters for NRG Energy, as well as House of Blues, Forever XXI, McCormick & Schmick's and Lucky Strike. Canyon-Johnson and Midway plan to invest additional funds to revitalize the property and accelerate leasing. Ken Page, Scott Myers and Micha Van Marcke of Transwestern's Houston office represented the seller in the transaction. Transwestern was appointed as receiver for Houston Pavilions late last year after the original developer, Houston Pavilions LP, defaulted on its loan.
Houston Pavilions, a Class A, mixed-use project spanning three blocks in downtown Houston. (Photo courtesy of LoopNet)
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