HOUSTON-Capital Markets group of Jones Lang LaSalle has secured $42 million in senior mortgage loan to finance 919 Milam, an office building spanning 542,919 square feet in downtown Houston. The group has arranged the loan for M-M Properties.
The debt on the downtown building involves nearly $7 million for capital and tenant improvements and a $35-million initial funding. The building, bound by Milam, McKinney, Travis and Walker streets, is nearly 80% leased.For the full story, go to Houston Chronicle.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.