Houston — HFF has arranged joint venture equity for the recapitalization of River Oaks District, a 650,000-square-foot, luxury mixed-use development in Houston.
Trey Morsbach and Bill Fishel of HFF worked on behalf of the developer, OliverMcMillan, and its equity partner to arrange the 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.
The project, completed in late 2015, encompasses 302,000 square feet of retail, fine dining and entertainment space leased to tenants including Hermès, Cartier, Dior, Chopard, Tom Ford, Patek Philippe at deBoulle, Dolce & Gabbana and Harry Winston. The development is also home to 66,000 square feet of state-of-the-art, boutique office space and the Grey House at River Oaks District, a 279-unit, two-building residential community.