{"id":1004384486,"date":"2020-01-22T09:34:27","date_gmt":"2020-01-22T17:34:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004384486"},"modified":"2021-05-10T02:06:13","modified_gmt":"2021-05-10T10:06:13","slug":"buchanan-street-secures-refi-for-houston-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/buchanan-street-secures-refi-for-houston-office-asset\/","title":{"rendered":"Buchanan Street Secures Refi for Houston Office Asset"},"content":{"rendered":"
\"\"<\/a>

Sam Houston Crossing II<\/p><\/div>\n

Buchanan Street Partners has secured $20 million in refinancing for the 160,000-square-foot Sam Houston Crossing II. The debt from East West Bank includes a five-year term and a 4 percent interest rate. Yardi Matrix data shows the loan will retire an existing $17.6 million financing from Duke Realty, taken out in 2017 when the owner purchased the Houston asset.<\/p>\n

Senior Vice President John Ream and Associate Laura Sellings from JLL\u2019s Capital Markets represented the borrower.<\/p>\n

Located at 10344 Sam Houston Park Drive on an 8.5-acre site, the asset is roughly 20 miles northwest of downtown Houston. The LEED-certified building was completed in 2013 and is adjacent to a dense residential area and close to a selection of dining and retail options.<\/p>\n

According to Yardi Matrix information, the building is fully leased to T.F. Hudgins, First American Title, PEMEX Procurement International and Forum Energy Technologies Inc. The latter renewed its 108,639-square-foot lease<\/a> last March.  <\/p>\n","protected":false},"excerpt":{"rendered":"

The loan will retire existing acquisition debt the firm took out in 2017. <\/p>\n","protected":false},"author":748,"featured_media":1004384492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1589,21742,21747],"tags":[34026,33010,32796],"class_list":["post-1004384486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-houston","category-latest","category-office","tag-buchanan-street-partners","tag-duke-realty-corporation","tag-jll"],"acf":[],"yoast_head":"\nBuchanan Street Secures Refi for Houston Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/buchanan-street-secures-refi-for-houston-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buchanan Street Secures Refi for Houston Office Asset\" \/>\n<meta property=\"og:description\" content=\"The loan will retire existing acquisition debt the firm took out in 2017.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/buchanan-street-secures-refi-for-houston-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-22T17:34:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:06:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Sam-Houston-Crossing-II-e1579695769705.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"992\" \/>\n\t<meta property=\"og:image:height\" content=\"745\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/\"},\"author\":{\"name\":\"Lucia Morosanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"headline\":\"Buchanan Street Secures Refi for Houston Office Asset\",\"datePublished\":\"2020-01-22T17:34:27+00:00\",\"dateModified\":\"2021-05-10T10:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/\"},\"wordCount\":168,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/01\\\/Sam-Houston-Crossing-II-e1579695769705.jpg\",\"keywords\":[\"Buchanan Street Partners\",\"Duke Realty Corporation\",\"JLL\"],\"articleSection\":[\"Finance\",\"Houston\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-street-secures-refi-for-houston-office-asset\\\/\",\"name\":\"Buchanan Street Secures Refi for Houston Office Asset - 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