Allan Dannatt, GMAC's senior vice president, and Stef Gorel, senior vice president of the Houston retail production office, arranged the financing. Building owners 900 East Associates received about $2.3 million for the 7575 San Felipe in the Uptown-Galleria submarket. The 53,400-sf office building is situated on 1.2 acres. Sun Life Assurance Co. of Canada provided the financing, with a 22-year amortization.
Barker's Landing, a 119,943-sf office building, has secured a $6-million package, bearing a three-year amortization. Lutheran Brotherhood provided the funds for the Energy Corridor project owned by Transwestern CG Partners I LP. The six-structure is located at 16010 Barker's.
Transwestern CB Partners LLP's Paragon Center snagged about $9 million in a three-year amortization in another pact with Lutheran Brotherhood. The 180,278-sf office building is situated at 450 Gears Rd.
And, Sun Life Canada provided Hillcroft III Properties Inc. with nearly $1.4 million on a 20-year amortization for its eight-building complex at 5645 Hillcroft Dr. The Hillcroft Office Park totals 68,150 sf of office-service center space.
In a near $1.8-million deal Texas General Storage Systems Inc. closed a loan with a 15-year amortization, also from Sun Life Canada. The financing is for three office-warehouse buildings at 13225 FM 529 Rd. The buildings, totaling 91,002 sf, are situated on about 7.8 acres.
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