HOUSTON (August 17, 2017) Warren Hitchcock and Bill Haley, of NorthMarq Capital’s Houston office, successfully advised Lincoln Property Company on the purchase and capitalization of Greenspoint Place Office Campus, a 2,100,000 sq. ft. campus encompassing six office buildings with attached parking and retail located in Houston, Texas. Having advised and assisted Lincoln Property Company on previous Greenspoint area acquisition, NorthMarq worked with Lincoln to appropriately structure & capitalize the acquisition and lease-up financing of the Greenspoint Place Office Campus. “Capital terms & structure would be critical to the success of the assets. The national perception of the oil price downturn and the concerns of the Houston market were immediate challenges for capital sources; however there were a number of contrarian lenders willing to consider the financing opportunity,” said Hitchcock. “This ultimately resulted in an acquisition bridge loan with ACORE Capital which facilitated the purchase and will provide future capital to execute the Lincoln Property Company business plan.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
