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| Post Oak Center One, Two and Three office-building complex Galleria Mall area, Houston, TX |
HOUSTON, TX – HFF announced today that it has secured
$188.83 million in financing for Post Oak Central One, Two and Three, a
three-building office, retail and parking complex totaling 1.3 million square
feet in Houston’s Galleria area.
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| Scott Galloway |
Working exclusively on behalf of Cousins Properties Incorporated, HFF
placed the seven-year, non-recourse fixed-rate mortgage loan with
TIAA-CREF. The property was previously
unencumbered with debt.
Post
Oak Central One, Two and Three is comprised of 1,193,713 square feet of office
space plus 86,046 square feet of retail space, and 4,418 parking spaces.
The property is 95.6 percent leased to tenants including
Apache Corporation, Stewart Information Systems and GDF Suez North
America. Situated on 17.34 acres at
1980-2000 Post Oak Boulevard, Post Oak Central is close to the Galleria Mall,
Loop 610 and Interstate 10 in Houston’s Galleria/West Loop submarket.
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| Colby Mueck |
The HFF team representing Cousins was led by executive
managing director Scott Galloway and director Colby Mueck.
Cousins Properties Incorporated is a fully integrated,
self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, primarily
invests in Class A office towers located in high growth Sunbelt markets, with a
focus on Georgia, Texas and North Carolina.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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