American Bureau of Shipping has pre-leased offices in CityPlace2 in Springwoods Village.
American Bureau of Shipping has pre-leased offices in CityPlace2 in Springwoods Village.
HFF arranges construction loan for Springwoods Village office building
HFF has lined up a construction loan for CityPlace 2, a 327,000-square-foot office building in CityPlace district of Springwoods Village.
A venture of Patrinely Group, USAA Real Estate Co. and CDC Houston is developing the 10-story building, which will be occupied by American Bureau of Shipping upon its completion in 2018. The building will have24,000 square feet of retail space on the ground floor.
HFF's Wally Reid, Cortney Cole and Trent Agnew arranged thefive-year, fixed-rate construction permanent loan through Galveston-based American National Insurance Co.
RELATED: Marriott CityPlace hotel coming to Springwoods Village
CityPlace 2 will be the first office building to be completed in the 60-acre CityPlace mixed-use development. Plans call for 4 million square feet of office space, 600 mid-rise apartment units, a 337-room Marriott CityPlace hotel, and more than 400,000 square feet of retail space.
Springwoods Village, near Interstate 45, the Grand Parkway and the Hardy Toll Road, is home to Exxon Mobil Corp., Southwestern Energy Co. and the future two-building campus of HP.
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HFF arranges construction loan for Springwoods Village office building - Chron.com
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