June 16, 2017
Houston-based Hines has reportedly refinanced 717 Texas Ave., a 697,195-square-foot office building in Houston for $163 million. The 33-story asset in the downtown theater district was developed with Prime Asset Management in 2003, and was the first skyscraper in the state of Texas to achieve USGBC LEED Platinum certification.
Sources said, the financing was provided by Goldman Sachs, with JLL reportedly representing the borrower in the deal.
Tenants at the former Calpine Center building include Calpine Corp., which once was the anchor tenant, Jones Day and Freeport McMoRan. Designed by Hellmuth, Obata & Kassabaum, the granite-clad building features some of the most energy-efficient and environmentally-friendly office space in Houston.