(Read more on the debt and equity markets)andthe industrialmarket.)
HOUSTON-A private partnership from Oklahoma City has refilledits till with $28.9 million in a refinance of a 377,750-sfbuild-to-suit that it bought shortly after completion. The 10-yearfinancing has a 75% loan to value.
The flex building, situated on five acres at 5100 N. Sam HoustonPkwy., is net leased for 15 years to National Oilwell Varco. Aspokesman in NorthMarq Capital Inc.'s Houston office says the newowner acquired the building with 1031 exchange money and interimdebt. He says the new capital will be used to pay down the bridgeloan.
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