Jack Polatsek Of Interra Capital Group Acquires Greenway Plaza Mixed-Use Campus In Houston
Building Size
4,500,000 SF
Asset Type
Mixed-use
Closing
Apr 10, 2026
AI
Greenway Plaza is a mixed-use asset located in Houston, encompassing approximately 4.5 million square feet across 53 acres. The property has recently transitioned in ownership.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: Greenway Plaza
- Market: Houston
- Size: 4,500,000 SF
- Acres: 53
- Buyer: Jack Polatsek
- Company: Interra Capital Group
- Leasing Agent: CBRE Group
Jack Polatsek represents Interra Capital Group in the acquisition of Greenway Plaza. The firm is focusing on an active repositioning strategy aimed at leasing and tenant retention, with future plans to unlock long-term value from the site.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93