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| Rendering of Planned Frost Tower Fort Worth, Taylor and Fifth Street, Downtown, Fort Worth, TX |
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| Trey Morsbach |
DALLAS, TX –– Holliday Fenoglio
Fowler, L.P. (HFF) announced it has arranged a $73.5 million construction loan
for the development of Frost Tower Fort
Worth, a 278,000-square-foot, Class AA office tower in downtown Fort Worth,
Texas.
HFF worked on behalf of
the borrower, Anthracite Realty Partners, an affiliate of Jetta Operating
Company, Inc., to secure the three-year, floating-rate loan through Bank of the
Ozarks.
Due for completion in
December 2017, Frost Tower Fort Worth will be a 25-story tower with ground floor retail and more than 900 above
and below grade parking spaces.
Frost Bank will be the
anchor tenant and Jetta Operating Company will move its corporate headquarters
to the new building making Frost Tower Fort Worth 56 percent preleased.
Project amenities will include a sky lobby on
the 12th floor that will feature views of downtown, high-tech C-level suites
for senior executives, a fitness facility, café and outdoor terraces.
Conference facilities will
be available in a variety of sizes with multiple breakout and gathering
areas. The development site is situated
on three quarters of a city block, at Taylor and 5th Streets, adjacent to
Sundance Square in downtown Fort Worth.
Nearby cultural attractions include Bass Performance Hall, the Cultural
Arts District, West 7th and the Fort Worth Stockyards.
HFF’s debt placement team
was led by senior managing director Trey
Morsbach and director Cullen
Aderhold.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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