Hanover Company and LOCAL have secured construction financing and joint venture equity for Autry Park One, a 127,651-square-foot, six-story office property along Allen Parkway and the Buffalo Bayou in Houston.
JLL worked with the borrowers to secure joint venture equity for the project and a syndicated construction loan with two regional banks.
The property will be part of Autry Park, a luxury mixed-use development between downtown Houston, The Texas Medical Center, Rice University, River Oaks and Uptown. The 14-acre site is now home to Hanover Autry Park and Hanover Parkview. When fully built out, it will offer additional multi-housing, office, hotel and retail uses distributed across various buildings. The site fronts Allen Parkway and Buffalo Bayou, a 2.3-mile-long municipal park with hiking and biking trails, a skate park, dog park and cultural events hall.
Upon completion, Autry Park One will offer 116,120 square feet of boutique office space plus 10,500 sq
