Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-GMAC Commercial Mortgage’s Houston office has closed more than $20.4 million in fixed-rate financing packages for the owners of five office-industrial properties in Houston.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.