Commercial Real Estate Direct
By Orest Mandzy
January 7, 2026
Accesso, owner of the 235,620-square-foot 3900 Essex Lane office property in Houston, has negotiated a two-year term extension of the property’s $14.75 million loan, taking its maturity to October 2027.
The loan, provided by Benefit Street Partners, was funded through a collateralized loan obligation. It faced its initial maturity in 2023 but included options allowing its term to be extended through last October. Those previously were exercised.
Accesso, a Hallandale Beach, Fla., investment manager, said it was planning a number of capital improvements to the 12-story building, which was built in 1981 and last renovated in 2007. It will build out what it called “high-end” speculative office suites. It recently added a fitness center, conference facilities, and upgraded the building’s corridors. It also has upgraded building systems, including its heating, ventilation and air-conditioning, security, and fire-prevention systems.
“This loan extension will give us the flexibility needed to execute our strategic vision,” explained Deb Kolar, chief asset officer and general manager of Accesso. “Our plans for targeted capital improvements will enhance the building’s competitive position in Houston’s office market.” She added that Accesso was offering signage on the top of the building as a lure for potential tenants.
The building is in Houston’s Greenway Plaza area and next to HEB’s Central Market, a popular grocer, as well as the Highland Village and River Oaks neighborhoods. It’s also less than five miles from downtown Houston and the Galleria shopping mall.