Construction loan and JV equity secured for Houston office development

HOUSTON, May 20, 2025 – JLL Capital Markets announced today that it has arranged construction financing and joint venture equity for Autry Park One, a to-be-built, 127,651-square-foot six-story office property positioned along Allen Parkway and the Buffalo Bayou in Houston, Texas.

JLL worked with Hanover Company and LOCAL to line up joint venture equity for the project and separately secure a syndicated construction loan with two regional banks.

The property will be part of Autry Park, a luxury mixed-use development located between Downtown Houston, The Texas Medical Center, Rice University, River Oaks and Uptown. The 14-acre site is currently home to Hanover Autry Park and Hanover Parkview and when fully built-out, it will offer additional multi-housing, office, hotel and retail uses distributed across a variety of 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 square feet of ground floor retail. The building will offer private offices, meeting space, mid-building outdoor decks, an indoor/outdoor rooftop deck, fitness facility and underground parking.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Colby Mueck and Cortney Cole and Managing Director Kevin McConn.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Headquartered in Houston, Texas, and founded in 1982, Hanover Company stands among the most active private real estate companies in the United States. Hanover specializes in the nationwide development of high-quality multi-family residential and industrial properties. With over four decades of experience, Hanover is a vertically integrated company with in-house capabilities, which include development, capital markets, construction, property management, architecture, quality assurance, legal, risk management, asset management, and financial operations departments.

LOCAL has experience developing, managing, designing and leasing more than 5.6 million square feet of office and retail product, primarily in Houston and neighbouring submarkets.