Tuesday, November 13, 2012

HFF arranges acquisition financing for a five-building office property in San Antonio, TX



Network Crossing, San Antonio, TX
AUSTIN, TX – HFF announced it has arranged financing for Network Crossing, a five-building, 143,831-square-foot office property in San Antonio, Texas.

                Working exclusively on behalf of Live Oak-Gottesman Company, HFF placed the 10-year, fixed-rate loan with Northwestern Mutual.  Loan proceeds were used to acquire the property.

                Network Crossing is located at 5253 Prue Road, about 10 miles northwest of downtown San Antonio via Interstate 10.  Completed in 2008, the property was 89% percent leased at closing. 

Mona Carlton
The HFF team representing Live Oak-Gottesman was led by senior managing director Mona Carlton and associate director Robert Wooten.

Live Oak-Gottesman is a commercial real estate development and services company founded upon a commitment to the development, leasing, and management of quality commercial properties and the creation of a diverse asset portfolio emphasizing a conservative approach to value appreciation over time.

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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