Thursday, February 25, 2016

HFF secures construction loan for built-to-suit Class A office development in Dallas’ Cypress Waters master planned community

Trey Morsbach
DALLAS, TX –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured construction financing for the development of a 325,600-square-foot, built-to-suit, Class A office development for CoreLogic in Dallas, Texas.

Working on behalf of Billingsley Company (Billingsley), HFF placed the fixed-rate construction/perm loan with Regions Bank.  The financing includes a two-year construction loan plus multiple extension options. 

This is the fourth financing HFF has secured for Dallas-area developments for Billingsley in the last year, including arranging the construction loan for 7-11’s corporate headquarters within Cypress Waters.

Due for completion in April 2017, the four-story property will be fully leased to CoreLogic, a leading global property information, analytics and data-enabled services provider based in Irvine, California. 

The CoreLogic build-to-suit is situated within Billingsley’s Cypress Waters master-planned community, a 1,000-acre waterfront development with office, multi-housing and retail in the central part of the Dallas-Fort Worth Metroplex. 

Jim Curtin
Located on 20.85 acres at the intersection of Hackberry Road and Ranch Trail, the property is positioned along the LBJ Expressway (Interstate 635) corridor less than three miles from the north entrance of DFW International Airport.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.

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

Kristen M. Murphy
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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