HOUSTON – Holliday Fenoglio Fowler has arranged joint venture equity for the recapitalization of the $550 million River Oaks District, a 650,000-SF mixed-use development on Westheimer Road in Houston.
HFF worked exclusively on behalf of the developer, OliverMcMillan and its equity partner, to arrange joint venture equity for the recapitalization of the property from institutional investors advised by J.P. Morgan Asset Management. HFF previously arranged construction financing on behalf of the developer in 2013.
Completed in late 2015, River Oaks District is on the northeast corner of Westheimer Road and Westcreek Lane in Houston’s Inner Loop.
The project encompasses 302,000 SF of retail, fine dining and entertainment space leased to high-end tenants, including Hermès, Cartier, Dior, Chopard, Tom Ford, Patek Philippe at deBoulle, Dolce & Gabbana, Harry Winston, Diptyque, Bruno Cucinelli, iPic Theaters, Equinox, Flow Juice Bar, Hopdoddy Burger Bar, Le Colonial, Steak 48, Taverna and Toulouse Café and Bar.
The River Oaks District also has 66,000 SF of office space and the 279-unit Grey House at River Oaks District multifamily community.
June 27, 2016