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| Travis Anderson |
DALLAS, TX – HFF announced today that it has closed the sale
of and arranged financing for Summit Office Park, a two-building,
242,482-square-foot, Class A office complex in Fort Worth, Texas.
HFF
marketed the property on behalf of the seller, Prescott Group. Pennybacker Capital purchased the asset and
HFF assisted in securing acquisition financing on behalf of the buyer. The seven-year loan was provided by ViewPoint
Bank.
Summit Office Park is strategically located near Interstate
30 just west of downtown Fort Worth.
The eight-story buildings, located at 1200 and 1300 Summit Avenue, are
95 percent leased and have 120,396 square feet and 122,086 square feet,
respectively.
The HFF debt placement team was led by senior managing
director Travis Anderson and managing director Steve Heldenfels.
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| Steve Heldenfels |
Prescott Group is an investment company headquartered in
Dallas that focuses on real estate assets and debt.
Pennybacker Capital is a real estate private equity firm
headquartered in Austin, TX.
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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