Thehistoric Esperson is comprised of two buildings that wereoriginally built separately.
HOUSTON—The approximately 600,000-square-foot historic Espersonis comprised of two buildings that were originally built separatelyin downtown: the 32-story Niels Esperson building built in 1927and the 19-story Mellie Esperson building built in 1941. Thebuildings were connected in the 1950s and today encompass an entirecity block bound by Walker, Rusk, Milam and Travis streets.
Due to maturing debt on the property, JLL's Capital Marketsrecently secured $52.8 million to refinance the buildings on behalfof a partnership between Contrarian Capital Management and CameronManagement. MetLife Investment Management provided the loan thatreplaces the debt. JLL executive managing director Tom Melody,managing director Paul House, senior vice president John Ream andAssociate Connor Harrell led the JLL team on the transaction.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
