CIM Group Closes $57.5 Million Loan on 533,000-Square-Foot Houston Industrial Property Portfolio to Creation Equity and PGIM Real Estate
CIM Group has closed a $57.5 million whole loan to Creation Equity and PGIM Real Estate for refinancing a four-building industrial property portfolio in Northwest Houston. The portfolio, completed in May 2024, comprises 533,000 square feet across two locations: Houston Point 290 (three buildings at 9210 Highway 6 N) and Cypress Creek Distribution Center (at 9580 Cypress Creek Parkway).
The properties feature modern industrial specifications including 32-foot clear heights, truck courts, drive-in doors, and 593 parking spaces. Three buildings are designed as rear-loading facilities, offering efficient layout and improved aesthetics. The portfolio's strategic location near the Port of Houston, bounded by Route 6 and Route 290, positions it in one of the fastest-growing U.S. port operations areas.
CIM Group ha chiuso un prestito totale di 57,5 milioni di dollari a Creation Equity e PGIM Real Estate per il rifinanziamento di un portafoglio immobiliare industriale composto da quattro edifici nel Nord-Ovest di Houston. Il portafoglio, completato a maggio 2024, comprende 533.000 piedi quadrati distribuiti su due località: Houston Point 290 (tre edifici al 9210 Highway 6 N) e Cypress Creek Distribution Center (al 9580 Cypress Creek Parkway).
Le proprietà presentano specifiche industriali moderne, tra cui altezze libere di 32 piedi, corti per camion, porte per accesso diretto e 593 posti auto. Tre edifici sono progettati come strutture a carico posteriore, offrendo un layout efficiente e un'estetica migliorata. La posizione strategica del portafoglio vicino al Porto di Houston, delimitata dalla Route 6 e dalla Route 290, lo colloca in una delle aree di operazioni portuali in più rapida crescita degli Stati Uniti.
CIM Group ha cerrado un préstamo total de 57,5 millones de dólares a Creation Equity y PGIM Real Estate para el refinanciamiento de un portafolio de propiedades industriales de cuatro edificios en el Noroeste de Houston. El portafolio, completado en mayo de 2024, comprende 533,000 pies cuadrados distribuidos en dos ubicaciones: Houston Point 290 (tres edificios en 9210 Highway 6 N) y Cypress Creek Distribution Center (en 9580 Cypress Creek Parkway).
Las propiedades cuentan con especificaciones industriales modernas, que incluyen alturas libres de 32 pies, patios para camiones, puertas de acceso y 593 espacios de estacionamiento. Tres edificios están diseñados como instalaciones de carga trasera, ofreciendo un diseño eficiente y una estética mejorada. La ubicación estratégica del portafolio cerca del Puerto de Houston, limitada por la Ruta 6 y la Ruta 290, lo posiciona en una de las áreas de operaciones portuarias de más rápido crecimiento en Estados Unidos.
CIM 그룹은 Creation Equity 및 PGIM Real Estate에 대해 5,750만 달러의 전체 대출을 마감하여 북서부 휴스턴의 4개 건물 산업 포트폴리오를 재융자했습니다. 이 포트폴리오는 2024년 5월에 완료되었으며, 533,000 제곱피트의 면적을 두 위치에 걸쳐 포함하고 있습니다: Houston Point 290 (9210 Highway 6 N에 있는 3개 건물)와 Cypress Creek Distribution Center (9580 Cypress Creek Parkway에 위치).
이 부동산은 32피트의 클리어 높이, 트럭 코트, 드라이브인 도어 및 593개의 주차 공간을 포함한 현대적인 산업 사양을 갖추고 있습니다. 세 개의 건물은 후면 하역 시설로 설계되어 효율적인 레이아웃과 개선된 미관을 제공합니다. 포트폴리오의 전략적 위치는 휴스턴 항구 근처에 있으며, Route 6과 Route 290에 의해 경계 지어져 있어 미국에서 가장 빠르게 성장하는 항구 운영 지역 중 하나에 위치하고 있습니다.
CIM Group a conclu un prêt global de 57,5 millions de dollars à Creation Equity et PGIM Real Estate pour le refinancement d'un portefeuille immobilier industriel composé de quatre bâtiments dans le nord-ouest de Houston. Le portefeuille, achevé en mai 2024, comprend 533 000 pieds carrés répartis sur deux sites : Houston Point 290 (trois bâtiments au 9210 Highway 6 N) et Cypress Creek Distribution Center (au 9580 Cypress Creek Parkway).
Les propriétés présentent des spécifications industrielles modernes, notamment des hauteurs libres de 32 pieds, des cours de camions, des portes d'accès et 593 places de stationnement. Trois bâtiments sont conçus comme des installations de chargement arrière, offrant une disposition efficace et une esthétique améliorée. L'emplacement stratégique du portefeuille près du port de Houston, délimité par la Route 6 et la Route 290, le place dans l'une des zones d'opérations portuaires à la croissance la plus rapide des États-Unis.
CIM Group hat ein Gesamtdarlehen in Höhe von 57,5 Millionen Dollar an Creation Equity und PGIM Real Estate zur Refinanzierung eines Portfolios mit vier Industriegebäuden im Nordwesten von Houston abgeschlossen. Das Portfolio, das im Mai 2024 abgeschlossen wurde, umfasst 533.000 Quadratfuß an zwei Standorten: Houston Point 290 (drei Gebäude in der 9210 Highway 6 N) und Cypress Creek Distribution Center (in der 9580 Cypress Creek Parkway).
Die Immobilien verfügen über moderne Industriespezifikationen, darunter eine lichte Höhe von 32 Fuß, Lkw-Höfe, Rolltore und 593 Parkplätze. Drei Gebäude sind als Rückladeeinrichtungen konzipiert, die eine effiziente Anordnung und verbesserte Ästhetik bieten. Die strategische Lage des Portfolios in der Nähe des Hafens von Houston, begrenzt durch die Route 6 und die Route 290, positioniert es in einem der am schnellsten wachsenden Hafenbetriebsgebiete der USA.
- Strategic location near rapidly growing Port of Houston
- Modern industrial specifications meeting current market demands
- Recently completed development (May 2024)
- Efficient rear-loading design in three buildings enhancing operational functionality
- None.
Completed in May 2024, the portfolio consists of Houston Point 290, a three-building complex located at 9210 Highway 6 N, and Cypress Creek Distribution Center, located at 9580 Cypress Creek Parkway. The in-fill developments in
The buildings offer the in-demand features for modern industrial facilities including 32-foot clear heights, spacious truck courts, drive-in doors and ample parking with a total of 593 spaces. Three of the buildings are designed as rear-loading which offers efficiencies of layout with productive internal circulation and storage as well as being more visually appealing with the articulated front of the buildings facing the street hiding truck activity from public view.
Through its CIM Real Estate Debt Solutions business, CIM Group applies its broad experience as an owner, operator, and developer of high quality commercial real estate to its lending strategy and believes this helps differentiate the company from many other debt providers. Through mortgage and mezzanine loans, affiliates and managed funds, CIM Group provides bridge and construction financing to owners and developers of commercial real estate in major markets across
To learn more about CIM Group’s credit strategies, visit www.cimgroup.com/borrow.
About CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the
About Creation
Creation is a dynamic, nationally recognized firm specializing in real estate development, hospitality concepts and alternative investments from coast to coast. Led by founders David Sellers and Bob Agahi, the company has expanded its footprint with
About PGIM Real Estate
With
1As of 30 Sept. 2024; net AUM is
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Media Contact
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Source: CIM Group
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