NorthMarq Capital’s Houston office announces the acquisition financing of the Greenspoint Place Office Campus in Houston, Texas

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.”