Natixis Lends $147.25 Million for Class A Houston Office Building
Natixis originated a $147.25 million floating-rate loan to a subsidiary of Parkway, Inc. for the refinancing of San Felipe Plaza, a Class A office tower in Houston, TX. Loan proceeds will be used to pay off the existing loan, cover financing and closing costs and fund future leasing costs at the property.
San Felipe Plaza is a 46-story, 980,473 square feet, Class A office tower located within the Galleria / Uptown submarket in Houston, TX. Built in 1983 and renovated in 2015, the property offers unobstructed 360-degree panoramic views and features amenities such as a state-of-the-art fitness center, multiple dining options with catering, outdoor seating, a conference and collaborative center, dry cleaner, shoe shining and repair, Starbucks café, and an adjacent 9-story parking garage containing 2,591 parking spaces. The Property is LEED Silver certified and is Energy Star labeled.
The financing was arranged by Susan Hill from the HFF Houston office.