Mortgage

CIM Group Provides $127 Million Loan for 649,000-Square-Foot Office Campus in The Woodlands, Texas

CIM Group Provides $127 Million Loan for 649,000-Square-Foot Office Campus in The Woodlands, Texas
Written by Publishing Team

Houston – (work wire) — CIM Group, the owner, operator, lender and developer of community-focused real estate and infrastructure, announced today that a CIM-managed fund has closed a $127 million loan to Howard Hughes Corporation to refinance its 649,406-square-foot office. Campus at Hughes Landing in Woodlands, Texas.

Built in 2015, 1725 and 1735, Hughes Landing is a 12- and 13-story Grade-A office buildings with a total area of ​​649,406 square feet within Hughes Landing, a 79-acre mixed-use development on Lake Woodlands within The Woodlands Town Center – The walkable urban center in the award-winning 28,500-acre community of The Woodlands.

Tenants have access to a variety of amenities including a fitness center, multiple conference facilities, and a staff cafeteria, as well as several retail stores and restaurants at the adjacent Rowe.

The office campus is located near several major highways, including Interstate-45 and the Grand Parkway, and is 25 miles from George Bush International Airport.

CIM Group applies its extensive experience as owner, operator and developer of all types of commercial real estate in its lending strategy and believes this helps differentiate the company from many other debt providers. Through mortgage and mezzanine loans, CIM affiliates provide bridge and construction financing to commercial property owners and developers in key markets across the United States and work with borrowers to offer a range of lending solutions.

To learn more about CIM Group’s credit strategies, visit www.cimgroup.com/crecs.

About CIM . Group

CIM is a community-focused real estate, infrastructure owner, operator, lender and developer. Since 1994, CIM has strived to create value in projects and positively impact the lives of people in communities across the Americas by providing more than $60 billion in major real estate and infrastructure projects. CIM’s diverse team of experts applies their extensive knowledge and disciplined approach through the practical management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by implementing Environmental, Social and Governance (ESG) initiatives and strengthening every community in which it invests. For more information, visit www.cimgroup.com.

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