Monday, February 1, 2016

HFF secures $80 million financing for Mockingbird Station in Dallas, TX

Michael Cosby
DALLAS, TX – Feb. 1, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $80 million in financing for Mockingbird Station, a 560,468-square-foot, open-air, mixed-use multi-housing, retail and office property in Dallas, Texas.

HFF worked exclusively on behalf of the borrower to place long-term, fixed-rate acquisition financing through Cornerstone Real Estate Advisers, acting on behalf of an institutional client.  HFF also assisted in the sale of the property to the borrower in late 2015.

Mockingbird Station is situated on 8.897 acres at 5307 East Mockingbird Lane adjacent to the Mockingbird Station Dallas Area Rapid Transit (DART) light rail station and North Central Expressway.

 Completed in 2001, the asset is across the freeway from Southern Methodist University and is centrally located between the city’s most affluent neighborhoods, including Highland Park, University Park and Lake Highlands.

 The property has 211 Class A, loft-style multi-housing units and features resident amenities such as an Olympic-sized rooftop lap pool and spa, 24-hour health club and 233-space gated parking garage.

 Additionally, the property features 148,878 square feet of 94.4-percent-leased Class A office space; 197,367 square feet of retail, which is 91.8 percent leased to tenants such as Angelika Film Center, West Elm, Urban Outfitters, Ann Taylor and Starbucks; and a mix of 1,257 additional surface and garage parking spaces for the retail/office components.

The HFF debt placement team representing the borrower was led by associate director Michael Cosby and senior managing director Wally Reid.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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