Paul Dougherty And Abdullah Abdulrahman Alshwer Secure $250M Refinance Loan For 777 Hidden Ridge

777 Hidden Ridge is an office property located in Irving, Texas, comprising 1,100,000 square feet. The property is involved in a refinancing transaction for a total amount of $250,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $250,000,000
• Loan Type: Refinance
• Loan Terms: two-year, interest-only
• Lender: Bank of America
• Landlord: Paul Dougherty - PRP Real Assets; Abdullah Abdulrahman Alshwer - Riyad Capital
• Lease Responsibility: Pioneer Natural Resources remains responsible for the lease through 2039.

The transaction features key stakeholders including Paul Dougherty representing PRP Real Assets and Abdullah Abdulrahman Alshwer representing Riyad Capital. The joint venture is seeking the loan to refinance existing debt on the property while Pioneer Natural Resources continues its lease obligations, even after its relocation following its acquisition by ExxonMobil.