Wednesday, November 4, 2015

Sale and financing of The Meridian and The Belvedere in Dallas-Fort Worth area closed by HFF

The Meridian office building 1425 Greenway Drive, Irving, TX

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for The Meridian and The Belvedere, two Class A office buildings totaling 241,539 square feet in Addison and Irving, Texas.

HFF marketed the properties on behalf of the seller, Klabzuba Realty.  CREA Investments purchased the two buildings for an undisclosed amount free and clear of debt.  

Additionally, HFF secured floating-rate acquisition financing on behalf of the new owner through a regional bank. 

The Meridian is located at 1425 Greenway Drive in the Las Colinas master-planned business and residential community immediately adjacent to DFW International Airport in Irving. 

The Belvedere office building, 14881 Quorum Drive,
Addison, TX
The six-story property is 90 percent leased and features 100,359 square feet of space.

Situated at 14881 Quorum Drive in Addison, The Belvedere is located in the Far North Dallas market along the Dallas North Tollway, offering access to all of the city’s commercial centers including DFW International Airport, Love Field, Legacy Business Park and Preston Center.  

The 141,180-square-foot, nine-story building is 79.8 percent leased.  

“These transactions represent successful round trips that generated attractive returns to our investors,” said Klabzuba Executive Vice President Clint Corn.  “We remain committed to proactively recycling our capital into urban infill opportunities in major Texas markets.”

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 |

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