NEW YORK CITY-Natixis Real Estate Capital provided $100.8 million of fixed-rate financing to Cowperwood Co. for the refinancing of four single-tenant buildings that are 100% leased to the General Services Administration in Winchester, VA; Dallas, TX; Santa Fe, NM; and McAllen, TX. The lender and borrower both are based here.
The loan was structured as four standalone mortgages to ensure Cowperwood can maintain flexibility to accommodate expansions of the lease by the GSA. The financing was arranged by Richard Horowitz from the office of Cooper-Horowitz, also based here.
The buildings consist of the FEMA National Processing Service Center in Winchester, VA, totaling 162,094 square feet; the Dallas FBI field office totaling 226,175 square feet; Social Security Mega Teleservice Center in Santa Fe, NM totaling 153,465 square feet; and McAllen FBI satellite office totaling 75,030 square feet. Each of the buildings was constructed as a build-to-suit by Cowperwood for the GSA and is considered a mission critical location for its use of state-of-the-art construction and security features.
Each of the buildings was constructed as a build-to-suit by Cowperwood for the GSA and is considered a mission critical location for its use of state-of-the-art construction and security features.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
