 |
| 777 Main, Downtown Fort Worth, TX |
DALLAS, TX – HFF announced it has closed the sale of and
arranged financing for 777 Main, a 980,000-square-foot, Class A office
tower in downtown Fort Worth, Texas.
 |
| The Petroleum Club, Fort Worth, TX |
HFF
marketed the asset on behalf of the seller, Cousins Properties
Incorporated.
An undisclosed buyer
purchased the property.
HFF’s debt
placement team also secured acquisition financing on behalf of the new owner
through a global financial services firm.
HFF brokered the sale of the property to Cousins in September
2013 as part of an acquisition, which also included the Greenway Plaza office
complex in Houston, Texas.
777
Main is a 40-story office tower in the heart of downtown Fort Worth. The property is near Sundance Square, a
35-block commercial, residential, entertainment and retail district.
 |
| Grace Restaurant, Downtown Fort Worth, TX |
Property features
include a top-floor restaurant, The Petroleum Club; Grace, a fine dining
restaurant; a fitness center and a state-of-the-art conference center in the
lobby.
The building is home to tenants
including Jacobs Engineering, FTSI, Hallmark Financial Services, Enduro, XTO
and Frost Bank.
Cousins Properties Incorporated is a fully integrated,
self-administered and self-managed real estate investment trust (REIT).
The company, based in Atlanta, Georgia,
primarily invests in Class-A office assets located in high growth Sun Belt
markets, with a focus on Georgia, Texas and North Carolina. The company has a comprehensive strategy in
place based on a simple platform, trophy assets and opportunistic investments.
For more information, please visit
www.cousinsproperties.com.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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