Texas

HOUSTON — Houston-based Live Oak Capital has arranged $7 million in fixed-rate, permanent financing for Office Pavilion – Houston, a 108,048-square-foot flex property located in Houston. Situated on 8.52 acres, the property comprises a single-story, 83,200-square-foot distribution building and a two-story, 24,848-square-foot office building. The property was completed this month; it is presently configured as a single-tenant furniture warehouse, showroom and distribution facility, and provides space for the Houston area distributor of Herman Miller office furniture. John Fenoglio of Live Oak Capital secured the financing on behalf of the borrower, locally based SASL LLC, with the lender, National Integrity Life Insurance Co. (Eagle Realty). It was recently announced that Charlotte, N.C.-based Grandbridge Real Estate Capital has made plans to acquire Live Oak Capital.

CHAMBERS COUNTY, TEXAS — Waste Management has acquired a medical waste incinerator from The Commissioner’s Court of Chambers County for $25 million. Built in 2001 for approximately $17.5 million, the 28,000-square-foot facility is the largest in the Southwest. It is situated on 40 acres at 7501 State Highway 65 and can support medical waste, sharps, non-hazardous industrial waste and pharmaceutical, document destruction, illegal drugs, laboratory waste and counterfeit items. Michael Palmer and Bill Boyer of CB Richard Ellis, and Beaumont-based Orgain, Bell and Tucker represented Chambers County in the transaction. Jimmy Kahla of the Chambers County Commissioner’s Court assisted in the solicitation of potential buyers.