Featured News

If industry professionals, particularly developers and landlords, don’t make educated attempts to understand the mindsets of their tenants, they have little hope of advancing the dialogue and ultimately furthering their understanding of tenant decision-making.

Hurricane season officially started June 1. However, hurricane preparation begins months in advance and is an ongoing consideration for commercial property owners, even those previously unconcerned with flooding — historic rainfall and flooding in new areas in Houston has left no one feeling exempt.

Houston-based Encino Energy, an exploration and production company, inked a long-term lease at Parkway’s San Felipe Plaza. The deal brings the property’s occupancy to 90%.

JLL Capital Markets has secured $52.8 million in refinancing from MetLife Investment Management for Contrarian Capital Management and Cameron Management for the historic Esperson office building in downtown Houston. The loan replaces maturing debt on the asset, which the partners have owned since 2012.

Encino Energy has leased 76,048 square feet at San Felipe Plaza, bringing the property to nearly 90 percent occupancy. The 980,472-square-foot tower at 5847 San Felipe is operated by Parkway Property Investments. Philip Price of Newmark Knight Frank represented Encino Energy. JP Hutcheson and Eric Siegrist represented Parkway.

Encino Energy has leased 76,048 square feet at San Felipe Plaza, bringing the property to nearly 90 percent occupancy. The 980,472-square-foot tower at 5847 San Felipe is operated by Parkway Property Investments. Philip Price of Newmark Knight Frank represented Encino Energy. JP Hutcheson and Eric Siegrist represented Parkway.

The Houston-based exploration and production company signed a 76K SF lease to bring the property’s occupancy to 90%. This is one of the biggest leases signed this year in the Uptown submarket.

“The relocation is a testament to the quality and position of the asset as they look to recruit and retain top talent following their recent acquisition of Chesapeake Energy’s Utica Shale assets,” Parkway Chief Operating Officer Mike Fransen said in a release.

Houston-based Encino Energy LLP recently signed a long-term lease for multiple floors in San Felipe Plaza.

However, the company is already operating out of temporary space in the building, at 5847 San Felipe St., according to executives with building owner Parkway Property Investments LLC. Encino previously was headquartered at 675 Bering Drive.

CPP Investment Board has secured a $147.3 million floating-rate loan for the refinancing of San Felipe Plaza, a Class A office tower in Houston. Natixis originated the loan, which will be used to pay off the existing loan, cover financing and closing costs and fund future leasing costs at the property. Financing was arranged by Susan Hill of HFF.

French investment bank Natixis has provided a $147.2 million floating-rate loan for the refinancing of San Felipe Plaza, a 46-story office tower located in the Galleria/Uptown area of Houston. The Class A, 980,473-square-foot property was built in 1983 and renovated in 2015. Amenities include a fitness center, multiple onsite dining options, a conference center, dry cleaner and a Starbucks. Susan Hill of HFF arranged the loan on behalf of the borrower, a subsidiary of Parkway Inc.