HOUSTON, TX – Bruce Theuerkauf has arranged $3,600,000 in acquisition financing for the Parks Crossing office building in Houston, Texas. The loan was placed for a five year term with a five year option and an amortization of 25 years.

The subject property consists of a net rentable area of approximately 54,018 square feet and 196 parking spaces. The subject is comprised of four inter-connected single-story office buildings, which individually range from 12,972 to 13,120 square feet. The largest tenant is Westpark Communications which currently occupies 9,614 square feet and the second largest tenant is the State of Texas, occupying 6,953 square feet.

The Subject is located at 3701-3731 Briarpark Drive in Houston, Harris County, Texas. The subject property is situated on the northeast corridor of Briarpark Drive and Westpark Drive, a signalized intersection in the Westchase District of West Houston. The Subject is located less than ½ mile east of the Sam Houston Tollway, which becomes  State Highway Beltway 8 (BW8) less than 5 miles north of the Subject and within ½ mile north of the Westpark Tollroad, a major east/west highway splitting downtown Houston. The property is less than 1 mile south of Westheimer Road, which parallels Interstate 10, Houston’s most-traveled east-west thoroughfare and is conveniently located within 10 miles of both Bush Intercontinental Airport and Hobby Airport.