DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged refinancing for 3600 San Clemente, (top right photo) a Class AA office building in Austin, Texas.Working exclusively on behalf of HPI Real Estate Services & Investment (HPI), HFF managing director Mark West (middle left photo) placed the fixed-rate loan with ViewPoint Bank.
HPI, based in Austin, manages more than 10 million square feet of office, industrial and retail properties throughout central Texas.
Completed in late 2006, 3600 San Clemente has 90,267 square feet that is currently 100% leased.
The property is located at 3600B Capital of Texas Highway within the 49-acre San Clemente at Davenport mixed-use development in southwest Austin.
“3600 San Clemente is one of the newest office developments in Austin and is located in an attractive area not only to tenants but investors alike,” said West.“Tenants are attracted to its central location within the city, proximity to high-end residential areas and its scenic setting in the Texas Hill Country while investors value the strong historical performance of the submarket and the significant barriers to entry that exist within this submarket.”
CONTACTS:
Mark E. West, HFF Managing Director, (214) 265 0880, mwest@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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