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| 2626 Cole, Dallas, TX |
DALLAS, TX – HFF announced today that it has closed the sale
of 2626 Cole, a
120,599-square-foot, Class A office building in Dallas’ Uptown/Turtle Creek
submarket on behalf of an institutional advisor for an undisclosed amount.
HFF also worked on behalf of the buyer, Beacon Investment
Properties, to arrange a $14.5 million acquisition loan through Morgan Stanley
Mortgage Capital, Inc.
2626 Cole is situated on 1.44 acres
along Cole Avenue in Uptown Dallas, east of Cedar Springs Road immediately
north of downtown. The nine-story,
Class A property is 96 percent leased to tenants such as Leadership Network,
Neopolitan, TPF Gas and Red Car.
Beacon Investment Properties, LLC is a real estate
investment manager and operator concentrating primarily on core-plus and
value-add office properties in large MSAs in Texas and the eastern seaboard of
the United States.
Beacon has six
million square feet under management and has sponsored five close-end
investment funds, as well as separate accounts with life insurance
companies. www.beaconri.com.
For a complete copy of the company’s news release, please
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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