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HOUSTON-Two Northwest office buildings have secured a $14.5-million refinancing package for owner, BGK Properties/13105 Northwest Freeway Associates LP.

The suburban office buildings at 13101 and 13105 Northwest Freeway total about 400,000 sf. They were constructed in 1983. The 13101 Northwest Freeway structure is a 78,517-sf design in three stories that brings $16 per sf. The 12-story 13105 Northwest Freeway totals 306,014 sf. Its office space is quoted at $19 per sf.

Life insurance company ING Investment Management provided the fixed-rate financing. Grady Roberts, senior managing director of the Houston office of Holliday Fenoglio Fowler LP, arranged the financing.

BGK Properties is a Santa Fe, NM-based private investment group that owns more than 150 properties in excess of 18 million sf nationwide. In Texas, BGK owns 34 properties for an aggregate 3.5 million sf, of which 18 buildings are located in Houston. In November 2001, BGK added two more Houston area office properties to its portfolio, 10200 Grogan’s Mill Rd. and 1610 Woodstead Ct. in the Woodlands.

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