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| 17Seventeen McKinney, Akard Street and McKinney Avenue, Uptown Dallas, TX |
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| Trey Morsbach |
DALLAS,
TX – HFF announced today that it has secured $73 million in financing for 17Seventeen
McKinney, a 369,014-square-foot, 19-story, Class AA office property in
Dallas’ Uptown submarket.
HFF worked on behalf of Granite
Properties to secure the seven-year, fixed-rate loan through Regions Bank. Loan proceeds will be used to replace the
original construction loan on the property.
17Seventeen
McKinney is located on the corner of Akard Street and McKinney Avenue proximate
to Dallas’ new Clyde Warren Park in the Uptown/Turtle Creek submarket.
The
property shares a full city block with the newly-developed, luxury residential
community Park Seventeen, and is adjoined by an amenities deck that includes a
state-of-the-art fitness center, a variety of vegetation, and convenient
seating areas for tenants.
Completed
in 2010, the LEED Gold certified building is 95 percent leased to tenants such
as Regions Bank, Huitt-Zollars, Red Bull North America, Top Golf, Clarion,
American Airlines, and Bain & Company along with several other regional
companies.
The HFF team representing the
borrower was led by senior managing director Trey Morsbach and associate
director Jim Curtin.
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| Jim Curtin |
Granite
Properties, Inc. is a diversified real estate investment and management company
with offices in Atlanta, Dallas, Denver, and Houston.
Since
its inception in 1991, Granite has acquired and developed over 20 million
square feet of real estate and currently owns and manages an extensive
portfolio, including over 10 million square feet of office, industrial and
retail properties in several states.
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
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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