{"id":1004776031,"date":"2025-10-28T05:47:21","date_gmt":"2025-10-28T13:47:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004776031"},"modified":"2025-10-28T05:47:23","modified_gmt":"2025-10-28T13:47:23","slug":"wideman-co-lands-45m-refi-for-houston-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wideman-co-lands-45m-refi-for-houston-office-building\/","title":{"rendered":"Wideman Co. Lands $45M Refi for Houston Office Building"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a6a23ec3a237&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004776034\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wideman-co-lands-45m-refi-for-houston-office-building\/the-jones-on-main\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/The-Jones-on-Main.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Jones on Main\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 894,000-square-foot office building underwent renovations in 1987 and 2017. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/The-Jones-on-Main.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/The-Jones-on-Main.jpg\" alt=\"Exterior shot of The Jones on Main, an office building in Houston.\" class=\"wp-image-1004776034\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/The-Jones-on-Main.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/The-Jones-on-Main.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 894,000-square-foot office building underwent renovations in 1987 and 2017. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Wideman Co. has obtained $45 million in refinancing for The Jones on Main, an 894,000-square-foot office building in Houston, according to Yardi Matrix information. International Bank of Commerce provided the note.<\/p>\n\n\n\n<p>The borrower acquired the asset in May last year from Lionstone Investments, the same source shows. The previous owner picked up the property, as well as an adjacent office space at 708 Main St., and merged them. Older financing included an $80 million loan from Bank of America originated in 2015.<\/p>\n\n\n\n<p>The tenant roster includes Lionstone, Schwartz Associates and JP Morgan. Located at 712 Main St. within the city\u2019s central business district, The Jones on Main is close to Interstate 69. George Bush Intercontinental Airport is 17 miles northeast.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/wire-special-report-office-remains-resilient-in-major-markets\/\">Office Remains Resilient in Major Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Originally constructed in multiple phases in 1929, 1948 and 1951, the 34-story building also underwent renovations in 1987 and 2017. Also known as JPMorgan Chase Bank Building, the property has floorplates averaging between 6,014 and 11,477 square feet.<\/p>\n\n\n\n<p>Amenities at the LEED Silver-certified high-rise include outdoor rooftop event spaces, a private cocktail lounge and 24 passenger elevators. The property also houses a food hall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-originations-pick-up-steam-year-over-year\">Office originations pick up steam year-over-year<\/h2>\n\n\n\n<p>Office loan originations increased 140 percent year-over-year at the end of the second quarter, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-borrowing-increased-66-percent-in-the-second-quarter-of-2025\/\">Mortgage Bankers Association report<\/a>, marking the highest increase compared to other property types. However, originations for office properties dropped 18 percent quarterly.<\/p>\n\n\n\n<p>In February, a joint venture between Hines and Ivanho\u00e9 Cambridge <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-ivanhoe-land-450m-refi-for-houston-trophy-tower\/\">obtained $450 million in refinancing<\/a> for Texas Tower, a 1.2 million-square-foot Houston building. The 47-story high-rise came online in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Bank of Commerce provided the financing.<\/p>\n","protected":false},"author":3355,"featured_media":1004776034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1589,21742,21747,51973],"tags":[33250,51744,33177],"class_list":["post-1004776031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-houston","category-latest","category-office","category-southwest","tag-bank-of-america","tag-international-bank-of-commerce","tag-lionstone-investments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wideman Co. 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