HOUSTON-Mesa West Capital has provided two principals of the alliantgroup with $84.9 million in non-recourse first mortgage debt for its off-market purchase of 3009 Post Oak Boulevard in the Galleria submarket of Houston from Skanska Commercial Development.
The buyers, Dhaval Jadav, CEO of alliantgroup and Shane Frank, the firm's COO, exercised their option to purchase the recently completed 302,000-square-foot, 20-story glass curtain wall building, which was negotiated in the 125,000 square-foot lease alliantgroup executed in June 2013. The building was 67% pre-leased at the time of acquisition. Other tenants at the Property include Datacert, Skanska and Becker Financial.
Located at the corner of Post Oak Boulevard and Hidalgo, with frontage on the 610 W. Loop, the pre-certified LEED Platinum building is one of two speculative class A office developments in the Galleria submarket in 30 years. The building features 12 stories of office space above an eight-story parking garage.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
