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| 3811 Turtle Creek, Turtle Creek Boulevard and Blackburn Street Uptown Dallas, TX |
DALLAS, TX – HFF announced it has closed the sale of and
arranged financing for 3811 Turtle Creek, a 296,000-square-foot, Class
AA office tower in Dallas’ Uptown area.
HFF
marketed the asset on behalf of the seller, MetLife Real Estate Investors. KBS Capital Advisors purchased the property
for an undisclosed amount.
HFF’s debt placement
team also secured a seven-year, 3.55 percent, fixed-rate acquisition financing
on behalf of the new owner through a life insurance company.
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| Dallas, TX skyline |
3811 Turtle Creek is situated on
a 5.03-acre site at the intersection of Turtle Creek Boulevard and Blackburn
Street adjacent to the Turtle Creek Village mixed-use development currently
under construction.
This location is within blocks of West Village and the Katy
Trail, and is close to Highland Park, one of the most affluent residential
areas in the state of Texas.
The
21-story, recently-renovated property features a fitness center, and parking
within an adjacent 899-space garage.
Tenants at the 81
percent leased center include Eagle Materials, Inc.; Prosperity Bank; Estes
Okon Thorne & Carr; and Gables Residential.
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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