Wednesday, January 29, 2014

HFF secures $73 million financing for 17Seventeen McKinney in Dallas, TX


17Seventeen McKinney, Akard Street and McKinney Avenue, Uptown Dallas, TX
 
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.

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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