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January 14, 2021 Comments (0) Views: 407 Houston-Galveston, Texas News

JLL Secures Refi on Houston Office Assets

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JLL Capital Markets recently arranged refinancing totaling $40 million for 5300 Memorial and 10497 Town & Country, office buildings spanning 302,980 square feet in Houston. A team led by John Ream worked on behalf of the borrower, an affiliate of Equus Capital Partners, to secure the five-year, floating-rate loans through East West Bank.
5300 Memorial is a recently renovated 153,671-square-foot, Class A boutique office building that is connected to a 444-space parking structure. The 11-story property is 93% leased to a diverse tenant roster comprising legal, healthcare, government, real estate, financial services and energy tenants.
10497 Town & Country is a recently renovated, Class A office building totaling 149,309 square feet. At 91.5% leased, the property is home to key tenants, including Freese & Nichols, Regus and T&C Family Physicians.

Pictured: 5300 Memorial.

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