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| Michael Cosby |
DALLAS, TX – Feb. 1, 2016
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $80
million in financing for Mockingbird
Station, a 560,468-square-foot, open-air, mixed-use multi-housing, retail
and office property in Dallas, Texas.
HFF worked exclusively on
behalf of the borrower to place long-term, fixed-rate acquisition financing
through Cornerstone Real Estate Advisers, acting on behalf of an institutional
client. HFF also assisted in the sale of
the property to the borrower in late 2015.
Mockingbird Station is
situated on 8.897 acres at 5307 East Mockingbird Lane adjacent to the
Mockingbird Station Dallas Area Rapid Transit (DART) light rail station and
North Central Expressway.
Completed in 2001, the asset is across the
freeway from Southern Methodist University and is centrally located between the
city’s most affluent neighborhoods, including Highland Park, University Park
and Lake Highlands.
The property has 211 Class A, loft-style
multi-housing units and features resident amenities such as an Olympic-sized
rooftop lap pool and spa, 24-hour health club and 233-space gated parking
garage.
Additionally, the property features 148,878
square feet of 94.4-percent-leased Class A office space; 197,367 square feet of
retail, which is 91.8 percent leased to tenants such as Angelika Film Center,
West Elm, Urban Outfitters, Ann Taylor and Starbucks; and a mix of 1,257
additional surface and garage parking spaces for the retail/office components.
The HFF debt placement
team representing the borrower was led by associate director Michael Cosby and senior managing
director Wally Reid.
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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