JLL arranges $20M refinancing for Sam Houston Crossing II
Fully occupied, long-term leased office building with direct access to Beltway 8
HOUSTON, January 21, 2020 – JLL Capital Markets announced today that it has arranged a $20 million refinancing for Sam Houston Crossing II, a 160,000-square-foot office property in northwest Houston, Texas.
JLL worked on behalf of the borrower, Buchanan Street Partners, to secure the five-year, 4.0% loan with East West Bank.
Sam Houston Crossing II is a three-story office building fully leased to three tenants. Located at 10344 Sam Houston Park Drive, the property is positioned on 8.5 acres along the Sam Houston Tollway (Beltway 8) providing connectivity to all of Houston’s major freeways, including 290 and Interstates 10, 45 and 69.
The JLL Capital Markets team representing the borrower was led by Senior Vice President John Ream and Associate Laura Sellingsloh.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Buchanan Street Partners
Buchanan Street Partners, founded in 1999, is a nationally recognized real estate investment management firm headquartered in Newport Beach, California. The firm, a federally registered investment advisor since 2002, manages commingled investment funds, institutional separate accounts and individual institutional and high net worth investment vehicles.