HFF announces financing for a 5-building mixed-use medical and office campus in Houston
HOUSTON, TX – February 5, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for a mixed-use medical and office campus totaling five buildings and 505,000 square feet in the Bellaire submarket of Houston, Texas.
The HFF team worked on behalf of the borrower, Norvin Healthcare Properties, to secure acquisition loans for the campus. Erik Tellefson at Capital One provided financing for the South campus properties at 6800 West Loop South and 4747 Bellaire Boulevard. Goldman Sachs provided financing for the North campus properties at 6700 and 6750 West Loop South and 4710 Bellaire Boulevard.
The portfolio of five properties and two parking garages, known as Pin Oak Park is located adjacent to Loop 610, the inner loop connecting all of Houston’s major freeways, between Bissonnet Street and Bellaire Boulevard. This location is just three miles from the Texas Medical Center and close to West University Place, Greenway Plaza, Uptown and the Galleria. The Pin Oak campus is comprised of 11.8 acres and is 93 percent leased to a mix of healthcare and office tenants, including UT Physicians, Memorial Hermann, Methodist Hospital, Texas Children’s Hospital, Kindred Home Care, McGovern Allergy & Asthma, Frost National Bank and the Social Security Administration.
The HFF debt placement team representing the borrower included managing director Colby Mueck and director Matthew Putterman.
About Norvin Healthcare Properties
Norvin is a private real estate investment and operating company with a nationwide focus on core and opportunistic investments in the healthcare sector, Norvin has had a presence in Houston since 1999 with a portfolio that includes acute and post-acute hospitals, clinical and diagnostic facilities, medical office buildings, and healthcare administrative buildings. Norvin works closely with many health systems, operators and other constituents in the healthcare community. For more information, please visit: www.norvin.com.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.