Holliday Fenoglio Fowler, L.P. (HFF) announces a $48.51 million refinancing for CITYCENTRE Five, a 201,437-square-foot, Class A office building within the CITYCENTRE mixed-use urban development in Houston, Texas.

The HFF team worked on behalf of the borrower, Midway Companies, to secure the loan through New York Life Real Estate Investors.

CITYCENTRE Five is located at 825 Town & Country Lane at the southeast corner of Interstate 10 and Beltway 8 in Houston’s Energy corridor. Its location within the 50-acre CITYCENTRE development, which is considered Houston’s premier open-air mixed-use shopping and entertainment destination, provides tenants with immediate access to a diverse mix of restaurants and fashionable retailers, a Life Time Athletic club, three luxury apartment communities and the 265-room Hotel Sorella. Additionally, the property benefits from its location near some of the strongest demographics in West Houston; average housing values within a one-mile radius of the property are more than $563,000 and average household income is roughly $179,000.

The HFF debt placement team representing the borrower included senior managing director Colby Mueck.

About Midway

Midway’s purpose is to create enduring investments and remarkable places that enrich people’s lives. Houston-based Midway is a privately owned, fully integrated real estate investment and development firm that has provided the highest level of quality, service and value to its clients and investors for more than 49 years. The Midway portfolio of projects completed and/or underway consists of approximately 45 million square feet of properties in 23 states and Northern Mexico ranging from office and industrial facilities, corporate headquarters, mixed-use centers, business and industrial parks, medical facilities, manufacturing facilities, and master-planned resort and residential communities. For more information on Midway, visit midwaycompanies.com.

About New York Life Real Estate Investors

New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. Please visit New York Life Real Estate Investors’ website at http://www.newyorklife.com/realestateinvestors for more information.

New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. With over $49.9 billion in assets under management as of March 31, 2018, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.