HFF Arranges Financing for Office Dallas Development
📅 Mon March 06, 2017 - West Edition #5
Holliday Fenoglio Fowler L.P. (HFF) announced it has arranged $57.3 million in financing for the development of 3201 Dallas Parkway, a 12-story, Class A+ office project at HALL Park in Frisco, Texas.
HFF worked on behalf of the developer, HALL Group, to place the construction loan with a lending syndicate led by Commerce Bank.
3201 Dallas Parkway will be the 17th building in the 162-acre HALL Park. The highly-amenitized campus totals nearly 2.5 million rentable sq. ft. (232,258 sq m) and is more than 95 percent leased. HALL Park is known for its landscaping, jogging trails, lakes and world-class collection of more than 200 pieces of modern art displayed throughout common areas and outdoor spaces.
Park amenities include a 10,000-sq.-ft. (929 sq m), on-site fitness center; modern conference center; full-service bank; wine lounge; on-site restaurant options; food truck court; courtesy patrols; full-time concierge; retail center and on-site childcare. HALL Group also recently announced the addition of Newk's Eatery to its new onsite retail destination, Park Plaza.
Due for completion in December 2017, 3201 Dallas Parkway is a planned LEED Silver-certified building that will add an additional 300,000 rentable sq. ft. (27,871 sq m) throughout 12 floors, making it the tallest office building in Frisco.
HALL Park is currently occupied by more than 190 tenants, including Jamba Juice, Schlumberger, ThyssenKrupp, Fiserv, Hartford Insurance and Synchrony Financial. Located just north of the Dallas North Tollway/State Highway 121 interchange, the campus is proximate to Dallas/Fort Worth International Airport and multiple retail and employment centers such as Stonebriar Centre, The Shops at Legacy, Legacy Park, Granite Park, the Frisco Convention Center and the new Dallas Cowboys' headquarters, The Star.
The HFF debt placement team was led by senior managing director Trey Morsbach and associate director Michael Cosby.
For more information, visit hallgroup.com and hfflp.com.