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| Tower at Cityplace, 2711 North Haskell Avenue, Dallas, TX |
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| John Brownlee |
DALLAS, TX – HFF announced it has arranged $100 million in
financing for Tower at Cityplace, a 1.3 million-square-foot, Class A
office tower in Dallas, Texas.
HFF
worked exclusively on behalf of the borrower, Parmenter Realty Partners, to
secure a loan through GE Capital Real Estate.
Loan proceeds were used to acquire the asset with a future funding
component for leasing and capital expenditures.
The
Tower at Cityplace is located at 2711 North Haskell Avenue just north of
downtown Dallas and visible from the North Central Expressway in Dallas’ Uptown
District.
The 45-story tower is 69 percent leased to tenants including
Dean Foods, Lone Star/Hudson Advisors, AON Service Corporation and Headington
Oil.
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| Jim Curtin |
The property features a 35,000-square-foot Larry North
Fitness Center and Spa, 55,000 square feet of meeting room space, a 300-seat
amphitheater, several dining options and direct access to the DART rail and
McKinney Avenue Trolley service.
The
HFF team representing Parmenter was led by senior managing director John
Brownlee and associate director Jim Curtin.
Parmenter Realty Partners is a real estate investment, management and
development company, headquartered in Miami, Florida, with regional offices in
Dallas, Atlanta and Washington, D.C.
Parmenter operates a series of institutional investment
funds focused on the southeast, southwest and D.C. Metro regions of the
U.S.
The company is actively involved in the expansion of its
portfolio in major markets, identifying and acquiring under-performing
properties and utilizing its vertically-integrated platform to increase value
on behalf of its investors.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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