Friday, February 22, 2019

HFF arranges $27.55 million refinancing for College Station, TX apartments


100 Park at Century Square Apartments, College Station, TX

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged a $27.55 million refinancing for 100 Park at Century Square, a 249-unit luxury apartment community in College Station, Texas.

Colby Mueck
HFF worked on behalf of the borrower, a joint venture between Midway and Harrison Street, to secure the loanfrom an affiliate of Granite Point Mortgage Trust Inc. (NYSE: GPMT).

100 Park at Century Square is located west of University Drive on Century Square Drive across from Texas A&M University within College Station’s 60-acre Century Square mixed-use development that features premier retail and dining, entertainment venues, 60,000 square feet of Class A office space, luxury apartment homes and two full-service hotels, The George and Cavalry Court.

  Completed in 2016, 100 Park offers a mix of studio, one- and two-bedroom units with upscale finishes, including stainless steel appliances, granite countertops, wood floors, washers and dryers, large closets and patios or balconies.

Timothy Joyce
  In addition to the property’s centralized location, 100 Park incorporates community amenities, including a swimming pool, outdoor lounge and green space, grilling area, state-of-the-art fitness center and covered parking.

The HFF debt placement team representing the borrower was led by senior managing director Colby Mueck along with managing directors Timothy Joyce and Stephen Skok and analyst Stuart Hepler.

Midway’s purpose is to create enduring investments and remarkable places that enrich people’s lives. 

 Houston-based Midway is a privately owned, fully integrated real estate investment and development firm that has provided the highest level of quality, service and value to its clients and investors for more than 50 years. 

Stephen Skok
The Midway portfolio of projects completed and/or underway consists of approximately 45 million square feet of properties in 23 states and Northern Mexico ranging from office and industrial facilities, corporate headquarters, mixed-use centers, business and industrial parks, medical facilities, manufacturing facilities, and master-planned resort and residential communities. 

 For more information on Midway, visit www.midwaycompanies.com.

Harrison Street is one of the leading real estate investment management firms exclusively focused on the Education, Healthcare and Storage sectors. 

 The firm has created a series of differentiated investment strategies across multiple risk/return platforms. 

Stuart Hepler
Headquartered in Chicago, the firm employs a 140-person team with approximately $18 billion in assets under management.

  For more information, please visit https://www.harrisonst.com/.

CONTACTS:


COLBY MUECK
HFF Senior Managing Director
(713) 852-3500

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403


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