Holliday Fenoglio Fowler Secures $26 Million Refinancing for Chasewood II and III in Houston, Texas.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 21, 2003 The Dallas office of Holliday Fenoglio Fowler, L.P. arranged a $26 million refinancing Refinancing An extension and/or increase in amount of existing debt. for Chasewood II and III, two Class A office buildings located in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Working on behalf of GenCap Office Fund I, Ltd., director Drew Kiesling secured the ten-year, securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. loan through JP Morgan Mortgage Capital, Inc., a conduit lender. GenCap Office Fund I, Ltd. is the asset management and lending division of the GenCap Group specializing in apartment, industrial and office properties. Chasewood II is an eight-story, 153,226-square-foot building completed in 1985 that has recently undergone extensive renovations. Chasewood III, completed in 1999, is comprised of four stories and 97,552 square feet. The two buildings share a 628-space parking garage. Major tenants include RPSI RPSI Railway Preservation Society of Ireland RPSI Rheinland Pfalz Saar International (horse breed) , Inc., Factory Mutual Insurance, Intel Americas, Inc., Louis Dreyfus Ventures, Texas Dental Partners, Burr burr (bur) bur. burr n. Variant of bur. burr 1. a plant seed capsule carrying many hooked structures which catch in animal coats thus promoting dissemination of the plant. Computer Environments, Fujitsu Computer Production and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. The buildings are in Chasewood Technology Park, a master-planned office park development in the Houston Technology Corridor, adjacent to the Houston's Hewlett-Packard campus. "Chasewood Technology Park enjoys an excellent location in the Champions/1960 Corridor sub-market of northern Houston," said Kiesling. "GenCap has done a tremendous job operating the buildings in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of difficult market conditions," Kiesling added. "The transaction went very smoothly. JP Morgan Mortgage Capital provided excellent service in processing this refinancing." With 17 offices nationwide, Holliday Fenoglio Fowler is one of the country's largest commercial real estate capital intermediaries, and the only firm that provides its clients with a complete menu of capital solutions for each assignment from its integrated platform of debt, private equity, structured finance and investment sales. Since 1998, the firm has capitalized more than $70 billion in all markets and property types. |
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