Brookfield Properties Secures $470M CMBS Loan For Houston Office Portfolio | 500 Dallas Street & 333 Clay Street | Office | Loan

Summary

Loan

TEXAS

Office

2,200,000 sqft

The office property located at 500 Dallas Street & 333 Clay Street in Houston has been involved in a closed transaction. The property spans a total of 2,200,000 square feet and was part of a loan deal.

Summary of transaction details

Property Type: Office
Transaction Amount: $470,000,000
Market: Houston
Landlord: Brookfield Properties - Brian Kingston
Lender: Barclays & Citigroup

The loan for this property amounted to $470,000,000 and was secured from Barclays and Citigroup. The loan terms were set as a two-year, interest-only and floating-rate, commercial mortgage-backed securities (CMBS) loan, which included three one-year extension options.

Details

Deal Summary

FINANCED

IMAGE: Brian Kingston DATE: 03/17/2021 ADDRESS: 500 Dallas Street & 333 Clay Street MARKET: Houston ASSET TYPE: Office SF: 2,200,000 LANDLORD: Brookfield Properties - Brian Kingston LENDER: Barclays & Citigroup LOAN AMOUNT: $470,000,000 LOAN TERMS: two-year, interest-only and floating-rate, commercial mortgage-backed securities (CMBS) loan, which included three one-year extensions options

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Address500 Dallas Street & 333 Clay Street

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