Sale and financing of 1800 Bering arranged by JLL Capital Markets
United States, March 5 -- JLL Capital Markets announced that it has closed the sale and arranged the financing of 1800 Bering, a 171,510-square-foot, Class A office building in Houston, Texas.JLL represented the seller, KBS, and procured the buyer, local private equity firm, DML Capital. JLL also worked on behalf of DML Capital to secure a three-year acquisition loan with an insurance company.1800 Bering is located between Westheimer Rd. and San Felipe St. just west of The Galleria and Uptown submarkets, which offer numerous retail, dining and entertainment amenities, many within walking distance. The property benefits from immediate access to Interstate 10, Loop 610 and several major Houston thoroughfares, providing access throughout the G...
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