Overview
- Interra Capital Group, which closed the Greenway Plaza purchase Friday, named CBRE to lead leasing as it starts active ownership of the 53-acre campus.
- Court filings show Interra will assume about $416.2 million of debt tied to the property and contribute $15 million in cash.
- The transaction resolves a years-long workout after the loan matured in May 2022 and the asset entered special servicing and then receivership.
- Occupancy sits near 57%, and anchor tenant Occidental Petroleum remains in a 972,000-square-foot lease through 2031, supporting near-term cash flow.
- A court-appointed receiver selected Interra from six offers, describing the winning bid as strong for today’s weak office leasing market.