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$11.2-Mil Financing OK'd for Office Projects

HOUSTON-Teams of L.J. Melody & Co. in Houston put together financing packages for office projects in Louisiana and Ohio. In all, $11.2 million is in place for an 89,100-sf building in a New Orleans suburb and a 63,747-sf structure in a Cleveland suburb.

By Jennifer Brenner Andrade | Updated on October 03, 2001

HOUSTON-L.J. Melody & Co., headquartered in Houston, has arranged $11.2 million in loans for office projects in Louisiana and Ohio.

The Metairie Centre office building in the New Orleans suburb of Metairie secured a $7.2-million loan. The 89,100-sf structure is 95% leased. Bank of America provided the financing for property owners, Edenborne Partners of Commendam, LA. Geoffrey Rice in L.J. Melody’s New York office arranged the funding for this transaction.

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