HFF secures refinancing for One City Centre in downtown Houston
HOUSTON, TX – HFF announced today that it has secured refinancing for One City Centre, a 608,660-square-foot, Class A, 32-story office tower and two parking garages in downtown Houston, Texas, owned by Accesso Partners, LLC.
HFF worked on behalf of the borrower, Hallandale Beach, Florida-based Accesso, to secure the 10-year, fixed-rate loan through J.P Morgan Chase Bank, National Association. Loan proceeds were used to retire existing debt that was used to purchase the property in 2012 in an HFF-brokered transaction. HFF was also involved in the prior trades of the property in 2007 and 2008.
One City Centre is located at 1021 Main Street with direct access to the Metro Light Rail line and tunnel system in downtown Houston. Originally built in 1961, the property was most recently renovated in 2010 and is LEED EB Gold certified. Tenants at the 86 percent leased tower include Waste Management and Energy XXI. One City Centre also includes the 758-space One City Centre Garage and the 611-space Fannin Garage.
The HFF debt placement team representing the borrower was led by senior managing director Susan Hill and real estate analyst Michael Johnson.
Accesso Partners LLC is a full-service, vertically-integrated commercial real estate investment manager, owner, and operator that aims to provide superior returns to its U.S., international and institutional investors. Accesso Partners LLC is headquartered in Hallandale Beach, Florida with offices in Houston, Dallas, Minneapolis, and Atlanta. To learn more please visit accessopartners.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.