Strategic refinancing strengthens Hartman Properties’ financial position and funds capital improvements that will enhance 3100 Weslayan’s status as a premier medical office building in Houston’s thriving healthcare corridor.
Houston, TX – Hartman Properties has successfully completed the refinancing of its premier medical office property, 3100 Weslayan, through a $6 million loan provided by a local regional bank reinforcing the company’s continued confidence and strength in Houston’s medical office real estate sector.
The loan was secured by HARTMAN WESLAYAN 3100 21, LLC, a Delaware limited liability company, and HARTMAN 3100 WESLAYAN 10 LP, a Texas limited partnership.
The financing carries a floating interest rate of Prime + 0.50% (currently 7.50%), with $1.3 million held back to fund capital improvements at the property. These enhancements will include upgrades to building systems, lobby renovations, and modernization of tenant spaces — further strengthening the property’s competitive position in Houston’s rapidly expanding healthcare corridor.
“This successful refinancing reflects Hartman Properties’ continued financial strength and our commitment to enhancing the long-term value of 3100 Weslayan,” said Al Hartman, Founder and CEO of Hartman Properties. “We’re proud to partner with a local regional bank on this transaction, which supports our mission of delivering high-quality, well-located office and medical space for Houston’s growing healthcare community.”
Reinforcing Houston’s Healthcare Corridor
Located at 3100 Weslayan Street in Houston’s Greenway Plaza district, the four-story, 78,087-square-foot Class A medical office building has become a cornerstone of Hartman Properties’ portfolio. With 78% occupancy and an expanding roster of top medical tenants — including Berkeley Eye Center and Gilbert Family Practice — the property serves as a vital hub within Houston’s prime medical corridor, connecting the Texas Medical Center, River Oaks, and major city thoroughfares.
“This refinance ensures that Hartman Properties can continue advancing its vision for 3100 Weslayan — to create one of Houston’s most desirable destinations for premier medical and professional tenants,” added Allen R. Hartman. “The planned capital improvements will enhance the tenant experience, increase operational efficiency, and drive long-term performance for both our tenants and investors.”
Margaret Hartman, Chief Operating Officer of Hartman Properties, added, “The strength of our portfolio lies in our disciplined investment strategy and our ability to adapt to shifting market conditions. This refinancing demonstrates the confidence lenders have in Hartman Properties and our proven track record of delivering consistent returns while continuously improving the quality and performance of our assets.”
The new financing provides total proceeds of $6,000,000, with $4,700,000 in available funds and a $1,300,000 capital improvement reserve designated to further modernize and elevate the asset.
About Hartman Properties
Hartman Properties is a Texas-based commercial real estate investment and development firm specializing in repositioning and managing high-quality officeproperties across key Texas markets. Guided by a tenant-first philosophy and visionary leadership, Hartman Properties continues to create environments that empower professionals, strengthen communities, and deliver long-term value for investors.www.hartman-properties.com
