Nuveen Green Capital And Lone Star PACE Provide $8 Million Loan For 83,000 Square Foot Development In Houston

1315 South Dairy Ashford Road is a development site located in Houston, TX, consisting of 83,000 square feet. The property has secured a loan amount of $8,000,000, facilitated by Nuveen Green Capital and Lone Star PACE, which will finance energy and efficiency upgrades across the project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,000,000
• Address: 1315 South Dairy Ashford Road
• Market: Houston, TX
• Asset Size: 83,000 BSF
• Lender: Nuveen Green Capital & Lone Star PACE
• Anchor Tenant: Ashford Beer Garden (preleased 21,000 square feet)

Nuveen Green Capital and Lone Star PACE are the entities responsible for providing the financing for the Ashford Yard development. This significant loan will support various upgrades, including HVAC, lighting, water systems, and building envelope improvements, to enhance the project's overall energy efficiency.