Friday, July 28, 2017

HFF secures $110 million refinancing for 7-building office portfolio in the Dallas. TX area

International Business Park III, Dallas-Fort Worth Area, Texas

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $110 million refinancing for a seven-building office portfolio totaling 801,153 square feet in the North Dallas-area communities of Plano and Carrollton, Texas.

Trey Morsbach
Representing the Billingsley Company, HFF secured a three-year, floating-rate, non-recourse loan with two one-year extension options through Ares Commercial Real Estate Corporation (NYSE: ACRE).  Proceeds of the loan will be used to refinance the existing debt and fully stabilize the property.

The portfolio buildings are located at 4000, 4120, 4100, 6400, 6404, 6500 and 6504 International Parkway within the International Business Park, a 50-acre office park located in Plano and Carrolton.

 The buildings are situated near the northwest intersection of two of the most heavily trafficked highways in the Dallas-Fort Worth area, The Dallas North Tollway and President George Bush Turnpike.

 Completed between 1997 and 2001, the two- and three-story buildings are 87 percent leased.  The portfolio features 24-hour security, on-site management and maintenance, a health club, café, gas grills for corporate and campus events and an abundance of green spaces.

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

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

Kristen M. Murphy
Director, Public Relations
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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