HFF secures financing through Aetna Health and Life for Addison, TX office-flex property

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $4.45 million in financing for the purchase of Addison II, a 181,000-square-foot office-flex property in Addison, Texas.

Working exclusively on behalf of Luzzatto Real Estate Value Fund I, LP, HFF associate director Brandon Chavoya (top right photo) placed the five-year, 6.75% fixed-rate loan with Aetna Health and Life Insurance Company.

Luzzatto Real Estate Value Fund I, L.P. is a closed-end fund seeking opportunities to acquire distressed real estate in the southwestern United States with a particular focus on Southern California and Texas.

Situated on 11.2 acres at 4550 Excel Parkway, Addison II is adjacent to Addison Airport and close to the Dallas North Tollway in the Far North Dallas suburb of Addison. The two-story property is 60% leased.

Contacts:

C. Brandon Chavoya, HFF Associate Director, (214) 265-0880, bchavoya@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com