Spectrum Office Building

Location: Houston, TX
Type: Office
Price: $ 13,500,000

SMC has provided a $13,500,000 loan for the refinance of Spectrum Office Building. The loan is collateralized by an eight-story, Class B, 130,588 SF-office building, located in the West Loop/Galleria sub-market, which is considered a satellite central business district of Houston. Like downtown Houston, this sub-market benefited from a recent spillover of energy sector tenant demand from the nearby Energy Corridor. Approximately 50% of the tenancy has been in occupancy in excess of 10 years.