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| Fountain Place, 1445 Ross Avenue, Arts District, Dallas, TX |
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| John Brownlee |
DALLAS, TX – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $190 million in financing
for Fountain Place, a
1.2-million-square-foot, Class A office tower in Dallas, Texas.
HFF worked on behalf of
the borrower, Goddard Investment Group, to secure the financing through AIG
Investments.
The $190 million loan was broken into two
components, a $100 million, initial seven-year, fixed-rate loan and a $90
million floating-rate loan.
Proceeds are being used to take out the
existing financing and fund tenant improvements/leasing commissions plus
capital expenditures for the construction of a new parking garage and interior
renovations. HFF was also involved in
the sale of the property to Goddard in 2014.
Fountain Place is located
at 1445 Ross Avenue in the Dallas Arts District close to Klyde Warren
Park. The 58-story tower was designed by
architect I.M. Pei and features a water garden by renowned landscape architect
Dan Kiley called “The Fountain Plaza” at its base.
It is one of only three LEED Gold Certified
Class A buildings in downtown Dallas and also includes an adjacent 1.5-acre
development site that can be developed into above grade parking. Fountain Place is 86 percent leased to
tenants including Tenet Healthcare, Hunton & Williams and Wells Fargo Bank,
N.A.
HFF’s debt placement team
representing the borrower was led by senior managing director John Brownlee, managing director Steve Heldenfels and 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, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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