Priority Capital Advisory arranged a $26.6 million bridge refinance for 2 Westlake, a 467,609-square-foot Class A office tower located at 580 Westlake Park Boulevard in Houston’s Energy Corridor. The financing was secured on behalf of the ownership, Younan Company.
Set on 5.4 acres within the 2.8 million-square-foot Westlake Park office complex, 2 Westlake rises 17 stories and represents one of West Houston’s premier suburban office assets. Younan Company acquired the property in December 2022 for $21.55 million when it was entirely vacant. Since acquisition, Younan has completed significant renovations, including a comprehensive lobby remodel. The asset is currently 56% leased with active interest and strong leasing momentum.
Priority Capital’s Zachary Streit added, “This financing allowed the borrower to retire maturing debt, fund tenant improvements, and secure the runway needed to stabilize a newly renovated, high-quality asset.”
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