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| Cortney Cole |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for
ilume Park, a 240-unit, boutique
apartment community in Dallas’ Oak Lawn neighborhood.
HFF worked exclusively on
behalf of the borrower, Venterra Realty (Venterra), to secure the five-year,
fixed-rate acquisition loan with five years of interest only payments through a
life company correspondent lender.
Venterra acquired ilume Park’s partner
property, ilume, in conjunction with this acquisition in a non-HFF-related
transaction. ilume has 316 units and is
situated across from ilume Park at 4123 Cedar Springs Road.
 |
| Steve Heldenfels |
ilume Park is located at
3109 Douglas Avenue at the intersection of Cedar Springs Road in the Oak Lawn
submarket near Uptown, the medical district and downtown Dallas.
The property’s one- and two-bedroom units
feature granite countertops, stainless steel appliances, gray faux wood
flooring, washer/dryer connections and patios or balconies.
Community amenities include a
4,000-square-foot fitness and health center, massage room, tanning beds, Zen
garden, two enclosed dog parks with bone-shaped dog pool and pet grooming
salon.
The HFF debt placement
team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax
617.338.2150 | www.hfflp.com
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