Wednesday, February 11, 2015

HFF arranges construction financing and joint venture equity for Class A office project in Dallas’ Las Colinas submarket


Rendering of planned Connection Park spec office development,
 Las Colinas submarket, Dallas, TX    

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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