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| Rendering of planned Connection Park spec office development, Las Colinas submarket, Dallas, TX |
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| Colby Mueck |
HOUSTON, TX – HFF announced it has arranged construction
financing and joint venture equity for the development of a 141,219-square-foot
office building in Dallas’ Las Colinas submarket, which will be the first phase
of Connection Park, a two-building, Class A speculative office park
totaling 304,714 square feet.
HFF
worked exclusively on behalf of the borrower, a joint venture between Stream
Realty Partners and Chief Partners, to secure a non-recourse construction loan
through American Bank of Texas. Alex
Brown Realty provided joint venture equity for the project.
The
Connection Park development site encompasses 18.3 acres situated at the
southwest corner of Lyndon B. Johnson Freeway (Interstate 635) and Freeport
Parkway and is approximately 1.5 miles from Dallas/Fort Worth International
Airport.
The 141,219-square-foot Phase I building will be three and a
half stories and is scheduled for completion in 2016. The second phase of the Connection Park project, which was not
part of this transaction, will be comprised of a four-story, 161,498-square-foot
Class A office building.
HFF’s debt and equity placement team
was led by managing directors Colby Mueck and Matt Kafka and
associate director Jim Curtin.
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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