Transwestern Finances 550 Post Oak Sale
Transwestern managing director Jan Sparks and teammate Tim Bennett just closed acquisition and renovation financing for The Richland Co's purchase of 550 Post Oak. The real estate company will use the 54k SF office building as its new HQ. It's spending $1.5M to update the property, including a new skin and facade designed by Goldman Design and Perry Harrell and adding amenities like on-site car washing services and dry cleaning pickup. Richland will take occupancy in September and launch the capital improvements shortly after. Jan locked in a non-recourse loan with a local lender.
Jan's been busy—she also just hosted this group of power women at her home as part of CREW’s Dine Around event. Here are Camden’s Jean Harding, Dow Golub Remels & Beverly’s Debra Gilbreath, Old Republic’s Jan Fisher, Chicago Title’s Sue Jacobson, Jan, Transwestern’s Michelle Wogan, Stewart Title’s Jackie Wilcox, Transwestern’s Ashley Short-Grigsby, Transwestern’s Bobbie Bozarth and Property Management Experience’s Fran Youngstrom.
