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URDANG FUND, GRIFFIN PARTNERS REFINANCE DEBT OF 800,000-SQUARE-FOOT OFFICE

Posted on by in Office, Texas

HOUSTON — An investment fund managed by Urdang, the real estate investment specialist of BNY Mellon Asset Management, and Griffin Partners have refinanced an $80.8 million securitized loan for an 800,000-square-foot office building in Houston with a 7-year, fixed-rate term loan from MassMutual Financial Group in the amount of $81 million. Located at 1301 Fannin St., the Class A office building includes a data center. The Urdang Added Fund II, managed by Urdang Capital Management, and Griffin Partners acquired the property in March 2007.

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