Southwest Regional Office
New York Life is pleased to establish a new lending relationship with Midway Companies, one of Houston’s most respected commercial real estate developers, on CITYCENTRE 5. This transaction represents an exciting opportunity to provide floating rate bridge financing on a Class A office building in the CITYCENTRE development, considered the city’s premier open-air mixed-use shopping and entertainment destination. In creating CITYCENTRE, Midway Companies has brought an urban setting to Houston’s Energy Corridor and created a pedestrian-friendly district where Houstonians can live, work and play.”
— Leslie Cassingham, Senior Director
- An exceptionally well located, 15 story, Class A office building containing approximately 200,000 sf with 14’ to 20’ deck to deck ceiling heights
- Excellent urban satellite location in the demographic center of Houston with an amenity package that is unparalleled in the market, including a diverse mix of restaurants and fashionable retailers, a Life Time Athletic club, three luxury apartment communities and a boutique hotel
- The mortgage proceeds will be used to facilitate replacement of the building’s former anchor tenant.
Source: REI Southwest Regional Office, August 2018.