NKF Arranges Refinancing of 221,763 SF Industrial Flex Portfolio in Houston
HOUSTON — Newmark Knight Frank (NKF) has arranged a loan of an undisclosed amount for the refinancing of Enterprise Park and Town & Country Center, two industrial properties totaling 221,763 square feet in Houston. Enterprise Park is located on the city’s southwest side and spans 153,835 square feet across 14 buildings. Town & Country Center is located on the city’s west side and comprises 67,928 square feet across three buildings. Spencer Hough and Tip Strickland of NKF arranged the financing through Reinsurance Group of America Inc. on behalf of private investor CPM Holdings LLC. The transaction was executed via a 1031 exchange.