HOUSTON — The Miami and Houston offices of Holliday Fenoglio Fowler (HFF), a commercial real estate services provider, has closed the sale of and provided financing for the Marriott Houston West Loop located at 1750 West Loop S. in Houston. HFF’s Wally Reidarranged an 80 percent leveraged adjustable-rate loan with First National Bank Southwest for the hotel’s buyer and borrower, RMC National Interests. The loan will go to renovations for the 13-story, 302-room hotel. Patrick Poggi, Dan Carlo, Kim Flores, Jeff Hollinden, Robert Williamson and Barbara Guffey marketed the property on behalf of the seller, The Blackstone Group L.P., in the transaction.
STAFFORD, TEXAS — Pacific Coast Capital Partners (PCCP) has acquired the Fountains on the Lake retail center in Stafford in a joint venture with Dallas-based Dunhill Partners. The 589,201-square-foot center, located at 11222 Fountain Lake Dr., is 98 percent occupied by tenants such as Old Navy, Bed Bath & Beyond, Saks Off Fifth Avenue, Loews Cinema, Fuddruckers and Cold Stone Creamery. Dunhill Partners represented the PCCP/Dunhill Partners joint venture in the transaction. Randy Fleisher of CB Richard Ellis helped arrange the equity and debt financing with Prudential.
HOUSTON — Cadence McShane has completed construction on the new 97,887-square-foot Pearl Hall Elementary School located at 1504 Ninth St. in Houston. The new Pearl Hall Elementary School, originally opened in 1952, was part of a $300 million bond program for the replacement of five district schools. The completed school includes 47 classrooms for general studies, a gymnasium, cafeteria/auditorium, library, computer laboratory, music room, clinic, meeting rooms and administrative office space. Bay Architects, Inc. provided the architectural services for the project.
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STAFFORD, TEXAS — CB Richard Ellis’ Dallas Capital Markets Debt & Equity Finance team has secured $100 million in financing for The Fountains on the Lake retail center located at Southwest Freeway and Fountain Lake Drive in Stafford. The 589,201-square-foot property’s tenants include Off Fifth Avenue- Saks Fifth Avenue Outlet, Borders, Bed Bath & Beyond, Office Max, Stein Mart and Sports Authority. Randy Fleisher and Jason Piering of CB Richard Ellis’ Dallas Capital Markets Debt & Equity Financing structured the joint venture equity and acquisition financing on behalf of Dunhill Partners.