HFF closes sale of medical office building in Lewisville, TX

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of an 18,000-square-foot medical office building fully leased to US Oncology Holdings in Lewisville, Texas.

HFF director Coler Yoakam (top right photo)  and managing director Mark West (top left photo)  led the investment sales team on behalf of the seller, CC Lewisville MOB, L.P. A health care REIT purchased the property free and clear of debt.

The property is located at 2790 Lake Vista Drive close to Interstate 35 East and State Highway 121 in the northern Dallas suburb of Lewisville.

Completed in 2000, the property is leased to Physician Reliance, LP (US Oncology Holdings) on a NNN basis. US Oncology Holdings is a national oncology services company and cancer treatment and research network.

Contacts:

Coler Yoakam, HFF Director, (214) 265-0880, cyoakam@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com


HFF arranges $2.65M financing for Village at Timarron in Southlake, TX

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $2.65 million in financing for Village at Timarron (middle left photo), a 36,284-square-foot, neighborhood/specialty center in Southlake, Texas.

Working exclusively on behalf of Timarron Venture, Ltd., a Dallas-based limited partnership assembled by Cencor Realty Services, HFF associate director Travis Anderson placed the seven-year, fixed-rate loan with First National Bank & Trust Co. of McAlester.

Loan proceeds were used to place first lien debt on the property, which was acquired in April by Timarron Venture, Ltd.

Situated at the southeast corner of Southlake Boulevard (FM 1709) and Byron Nelson Parkway, the property is located in Southlake’s main retail corridor.

Village at Timarron is leased to tenants including Frost Bank, Spa D’Aroma, Studio A, Nelson’s, Adventure Kids, Salon DeMello, Hexter Fair Title Company, Duncan Cleaners and K&C Tailor.

Cencor Realty Services offers property management, asset management and development services. Cencor is one of the largest property management firms in Texas and one of the 25 largest such firms in the United States.

Cencor currently represents approximately 21 million square feet of space throughout Texas' major market areas of Austin, Dallas, Fort Worth, Houston and San Antonio.


 HFF arranges sale of promissory note secured by a senior mortgage encumbering a mixed-use condominium in Coral Gables, FL

MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged the sale of a promissory note secured by a senior mortgage encumbering The Ponce De Leon Condominium (lower right photo), a mixed-use condominium building in Coral Gables, Florida.

HFF managing director George Vail director Jaret Turkell and executive managing director Manny de Zárraga (bottom left photo) led the investment sales team on behalf of Wells Fargo Bank, N.A. W Capital Group purchased the note.

Completed in 2008, The Ponce De Leon Condominium has 50 one-, two- and three-bedroom units plus 20 retail and office condominiums.

The note was secured by the 32 unsold residential condominium units totaling approximately 36,395 square feet as well as eight commercial condominium units totaling approximately 6,836 square feet.

Community amenities include a swimming pool, pool bar area, Jacuzzi, BBQ area, fitness room, sauna and a three-floor, 144-space parking garage. The Ponce De Leon Condominium is located at 1607 Ponce De Leon Boulevard close to Miracle Mile, Northwestern University, and Coral Gables Hospital in downtown Coral Gables.

Contacts:

George Vail, HFF Managing Director, (305) 448-1333, gvail@hfflp.com
Jaret Turkell, HFF Director, (305) 448-1333, jturkell@hfflp.com,
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com