REBusinessOnline

CONCOURSE AT WESTWAY REFINANCED

Posted on by in Office, Texas

HOUSTON — Holliday Fenoglio Fowler (HFF) has arranged an $8.8 million loan for the Concourse at Westway, a two-story, 129,724-square-foot office building located on the West Sam Houston Tollway in Houston. The Class A, multi-tenant facility was constructed in 1999. It is currently fully occupied by five tenants, including Stewart Title Co. Eagle Energy Partners and Nextel of Texas. It is located within the 150-acre Westway Park mixed-use development. Todd Sugimoto of HFF’s Los Angeles office and Jeff Knowles of the firm’s Houston office originated the financing on behalf of Guggenheim Real Estate. Terms of the loan include a 3-year term with a floating interest rate. Proceeds will be used to replace an existing loan that matured in December 2008.

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