Monday, February 9, 2015

HFF arranges $50 million financing for Lakes on Post Oak office building in Houston, TX


Lakes on Post Oak complex adjacent to the Galleria, Houston, TX

Wally Reid
HOUSTON, TX – HFF announced it has arranged a $50 million financing for 3040 Post Oak Boulevard, a 427,486-square-foot, Class A core office building in the Lakes on Post Oak complex adjacent to the Galleria in Houston, Texas.

                HFF worked on behalf of the borrowers, MetLife Real Estate Investors, to secure the 10-year, fixed-rate loan through Northwestern Mutual Life Insurance Company.  Additionally, in 2014, HFF marketed and closed the sale of this property, which was purchased by the borrower.

3040 Post Oak Boulevard is located at the intersection of Post Oak Boulevard and Hidalgo in Houston’s Galleria/Uptown District.  The 22-story building is part of the 1.2 million-square-foot Lakes at Post Oak office complex. 

The building features exterior walls of bronze glass and aluminum and has views of the four-acre lake that weaves through the heavily-landscaped complex.  3040 Post Oak Boulevard is a past recipient of “The International Office Building of the Year” award by the Building Owners and Managers Association. 

Tyler Ford
The property is approximately 80 percent leased to 25 tenants, including Bechtel Corporation, Carriage Services and Wealth Design Group.  

                The HFF debt placement team was led by senior managing director Wally Reid, associate director Tyler Ford and real estate analyst Matthew Putterman. 

MetLife Real Estate Investors oversees a well-diversified real estate portfolio of more than $60 billion, which is one of the largest in the U.S. and consists of real estate equities, commercial mortgages and agricultural mortgages.  

MetLife is a global leader in real estate investment and real estate asset management, with a vast network of regional offices that keep in close contact with major real estate markets. 

  For more information, visit metlife.com/realestate.


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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