 |
| 717 East Palmer Lane, Austin, TX |
DALLAS, TX – HFF announced today that it has arranged $35.3
million in acquisition financing for a 320,000-square-foot, Class A
single-tenant office building in Austin, Texas.
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| Mark West |
HFF
worked exclusively on behalf of the borrower, Gladstone Commercial Corporation
(NASDAQ: GOOD), to secure a non-recourse, fixed-rate securitized loan through
Cantor Fitzgerald.
Located at 717 East Parmer Lane at the intersection
of Tech Ridge Boulevard in north Austin, the property is 100 percent leased to
a wholly-owned subsidiary of a Fortune 500 company. Situated on 23 acres, the property was completed in 2000 and is
located within the Tech Ridge Business Park, a 1,000-acre multi-use business
park development.
The
HFF team representing Gladstone was led by director Brandon Chavoya and
also included senior managing director Mark West, director Coler
Yoakam and associate director Robert Wooten.
 |
| Robert Wooten |
Gladstone Commercial Corporation (NASDAQ:GOOD) is a real
estate investment trust (REIT) that invests in and owns net-leased industrial,
commercial and retail property.
The company
currently owns a national portfolio consisting of approximately seven million
square feet.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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