 |
| Riverton at Davis Springs Apartments, 10101 West Parmer Lane, Northwest Austin, TX |
 |
| Eric Tupler |
DENVER, CO – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Riverton at Davis Springs, a 312-unit
apartment community in northwest Austin’s Parmer Lane Tech Corridor.
Working on behalf of the
borrower, a joint venture arranged by HFF between Griffis Residential and GE
Asset Management, HFF placed the five-year, fixed-rate loan with a
correspondent life insurance company.
Loan proceeds were used to acquire the property.
Riverton at Davis Springs
is located at 10101 West Parmer Lane at the intersection of Lakeline Boulevard
and near the U.S. Highway 183 and State Highway 45 interchange.
Situated in the heart of
northwest Austin’s Tech Corridor, the property provides nearby access to more
than six million square feet of office/flex space and is approximately three
miles northwest of Lakeline Mall.
The property has 16 residential buildings with
units averaging approximately 866 square feet each. Community amenities include a swimming pool
with cascading fountains, hot tub, bark park, playground, 24-hour fitness
studio and a recently-updated clubroom.
The HFF debt placement
team representing the borrower was led by senior managing director Eric Tupler, managing director Josh Simon and associate director Casey Wenzel.
For a complete copy of the company’s news
release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
No comments:
Post a Comment