Thursday, January 8, 2015

HFF closes sale of and arranges financing for Class A office property in downtown Fort Worth, TX


777 Main, Downtown Fort Worth, TX

DALLAS, TX – HFF announced it has closed the sale of and arranged financing for 777 Main, a 980,000-square-foot, Class A office tower in downtown Fort Worth, Texas.

The Petroleum Club, Fort Worth, TX
                HFF marketed the asset on behalf of the seller, Cousins Properties Incorporated.  

An undisclosed buyer purchased the property.  

HFF’s debt placement team also secured acquisition financing on behalf of the new owner through a global financial services firm. 

HFF brokered the sale of the property to Cousins in September 2013 as part of an acquisition, which also included the Greenway Plaza office complex in Houston, Texas.

                777 Main is a 40-story office tower in the heart of downtown Fort Worth.  The property is near Sundance Square, a 35-block commercial, residential, entertainment and retail district.

Grace Restaurant, Downtown Fort Worth, TX
 Property features include a top-floor restaurant, The Petroleum Club; Grace, a fine dining restaurant; a fitness center and a state-of-the-art conference center in the lobby.  

The building is home to tenants including Jacobs Engineering, FTSI, Hallmark Financial Services, Enduro, XTO and Frost Bank.

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT).  

The company, based in Atlanta, Georgia, primarily invests in Class-A office assets located in high growth Sun Belt markets, with a focus on Georgia, Texas and North Carolina.  The company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. 

For more information, please visit www.cousinsproperties.com. 

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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