NorthMarq Capital arranged financing of nearly $7.5 million through its correspondent National Life of Vermont for the acquisition of The Clear Lake I & II Office Buildings in Clear Lake City near Houston. NorthMarq SVP Susan L. Hill arranged the financing.

The Clear Lake I & II office project encompasses two mirror image two-story buildings located at 1290 & 1300 Hercules in Clear Lake City, Texas. The class A office buildings contain 128,171 rentable square feet and are situated on approximately 8.7 acres of land. They are predominately occupied by Lockheed Martin and Wyle Laboratories, both of which recently signed new 10-year leases. The well-located property 99 percent leased predominately with credit tenants with extended lease terms.

NorthMarq Capital is a national real estate investment banker providing financing for commercial real estate, including office, retail, industrial, multi-family and assisted living development. NorthMarq has 28 offices and 350 employees.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription