CBRE secured construction financing for the development of a 144,000-square-foot manufacturing facility in Houston, Texas, for Electronic Power Design, a Houston-based manufacturer of custom engineered, low-voltage electrical distribution equipment and power control systems.
CBRE Capital Markets’ Debt & Structured Finance team, represented by John Fenoglio and Brock Hudson in Houston secured the 85% loan-to-cost (LTC) construction financing for EPD in addition to a working credit facility.
EPD is a leading manufacturer of low-voltage electrical distribution equipment, delivering power solutions for some of the world’s most complex and demanding infrastructure. This project represents a significant expansion for EPD, reinforcing their commitment to meeting market demand and providing superior outcomes to their customers.
The new state-of-the-art facility will be located at 430 Lockhaven Drive in Houston, next to EPD’s existing 241,481-square-foot facility. This new building will enhance the company’s production capacity, provide space for continued innovation and position EPD for long-term success. Construction on the facility has already started, EE Reed is the general contractor.
