HFF arranges $22.35 million financing for a green multi-housing community in North Texas

  

 DALLAS, TX – HFF announced today that it has arranged $22.35 million in financing for La Valencia at Starwood (top left photo), a 270-unit, Class AA green residential community in Frisco, Texas. 

HFF placed the seven-year fixed-rate loan with New York Life Insurance Company.  This loan will place permanent financing on the asset.

La Valencia at Starwood is located at 6805 Lebanon Road along the Dallas North Tollway within the Starwood master planned development of Frisco. 

Completed in 2009, the property was awarded the “Green Multifamily Project of the Year” from the National Association of Home Builders. 

La Valencia at Starwood is 95 percent leased and has one-, two- and three-bedroom units ranging from 744 to 1,450 square feet.  Community amenities include a business center, resort-style pool, fitness center and gated entry.

The HFF team representing the borrower was led by managing director Kevin MacKenzie (bottom right photo).

Contacts:

Kevin C. MacKenzie, HFF Managing Director, (214) 265-0880 kmackenzie@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com

HFF arranges $43.1 million refinancing for Frisco, TX office portfolio

  

DALLAS, TX – HFF announced today that it has arranged a $43.1 million refinancing for a three-property, 375,694-square-foot office portfolio within the Hall Office Park in Frisco, Texas.

HFF worked exclusively on behalf of the borrower, Hall Financial Group, to secure the 10-year, fixed-rate loan through Deutsche Bank Securities, Inc. 

Situated within Hall Office Park, the three properties are located at 2600 Network Boulevard, and 3000 and 3211 Internet Boulevard close to Texas Route 121 and the Dallas North Tollway in Frisco, a northern suburb of Dallas.

 Hall Office Park amenities include a YMCA, conference center, bank, webcasting and videoconferencing facilities, a major university branch and on-site childcare.  2600 Network Boulevard was completed in 2006 and has six stories of office space totaling 143,542 square feet. 

Completed in 2007, the six-story building at 3000 Internet Boulevard has 144,913 square feet.  3211 Internet Boulevard, built in 2005, is a three-story building with 87,239 square feet.  The properties are 93 percent leased to tenants including ThyssenKrupp Elevator Corporation, Sanyo, Citrus Energy Corporation, Blade Energy Partners and Oracle, among others.

The HFF team representing Hall Financial Group was led by senior managing director Whitaker Johnson (top right photo) and managing director Steve Heldenfels.

Founded in 1968, Hall Financial Group and affiliated companies are comprised of diversified private investment holdings, which are primarily owned by Craig Hall, his family and various family trust.

Contacts:

Whitaker Johnson, HFF Senior Managing Director, (214) 265-0880 wjohnson@hfflp.com

Steve Heldenfels, HFF Managing Director, (214) 265-0880 sheldenfels@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com