JLL Capital Markets arranged construction financing and joint venture equity for Autry Park One, a to-be-built, 127,651-square-foot six-story office property positioned along Allen Parkway and the Buffalo Bayou in Houston, Texas.
JLL worked with Hanover Company and LOCAL to line up joint venture equity for the project and separately secure a syndicated construction loan with two regional banks.
The property will be part of Autry Park, a luxury mixed-use development located between Downtown Houston, The Texas Medical Center, Rice University, River Oaks and Uptown. The 14-acre site is currently home to Hanover Autry Park and Hanover Parkview and when fully built-out, it will offer additional multi-housing, office, hotel and retail uses distributed across a variety of buildings. The site fronts Allen Parkway and Buffalo Bayou, a 2.3-mile-long municipal park with hiking and biking trails, a skate park, dog park and cultural events hall.
Upon completion, Autry Park One will offer 116,120 square feet of boutique office space plus 10,500 square feet of ground floor retail. The building will offer private offices, meeting space, mid-building outdoor decks, an indoor/outdoor rooftop deck, fitness facility and underground parking.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Colby Mueck and Cortney Cole and Managing Director Kevin McConn.
