$75.8 Million | Non-Performing Office Loan | Houston, TX | Deed-in-Escrow

Atributos

Año de construcción

1978

Año de renovación

2016

Área rentable

97.583 m²

Ocupación

73,56 %

Superficie neta del terreno

9,3 ha

Edificios

Plazas de aparcamiento

3546

Descripción

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $75.8 Million Non-Performing Office Loan (the “Loan”). The Loan is secured by a first-lien deed of trust on CityNorth, a three-building office and two-building retail center located in Houston, Texas (the “Property”, “Properties” or “Collateral”).

The Property comprises over a million square feet of rentable area spanning across 23 acres in North Houston. The Property was renovated in 2016 and features a diverse tenant mix with an attractive weighted average lease term. As of January 2026, the Property was 73.56% occupied.

The offering presents investors with the ability to acquire a non-performing loan at a favorable basis, significantly below replacement cost, with a potential direct path to ownership via a planned Deed in Escrow.

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Aspectos destacados de la inversión

Amenity-Rich Environment

The Property benefits from campus-wide amenities including a high-performance fitness center, 10,000 SF conference facility, tenant lounge with recreational features, 24/7 security operations, and on-site retail and dining.

Flexible Investment Thesis

The Property’s scale and campus setting provides investors with multiple value-creation strategies, including lease-up of existing vacancy, repositioning for credit tenancy, or potential alternative use conversion

Strategic Office Location

With excellent ingress/egress to I-45 and Hwy 8, the Property is minutes from a Marriott and Hilton Hotel, and is located near desirable residential communities including Kingwood, Champions, and The Woodlands.

History of Institutional Ownership

CityNorth has benefited from stewardship by distinguished institutional office owners and managers, including Lincoln Property Company and H.I.G. Capital. Under this ownership, the Property has received ongoing capital investment allowing buyers to inherit a well-maintained asset.

Deed-in-Escrow

With a Deed-in-Escrow anticipated prior to closing, the non-perfroming Loan provides investors with a potential direct path to title at a favorable basis, significantly below replacement cost.