Dealmaker: HFF Secures $205M for Office, Mixed-Use Assets

Holliday Fenoglio Fowler, Houston, arranged $135 million to refinance 700 11th Street NW, a 302,000-square-foot office building in Washington, D.C.’s East End submarket.

HFF worked on behalf of the borrower, a partnership between an affiliate of Hines Interests Limited Partnership and a pension fund advised by Sarofim Realty Advisors, to secure the 10-year fixed-rate loan from Allianz Real Estate of America LLC. 

Bounded by 11th, G and 12th Streets NW directly above the Metro Center Metrorail station, 700 11th Street NW sits one block from the CityCenterDC mixed-use development, two blocks from the city’s convention center and the new Marriott Marquis Hotel and four blocks from the White House. Law firm Williams & Connolly fully occupies the office portion and a Cosi restaurant occupies ground-floor retail space.

HFF Senior Managing Director Susan Carras, Managing Director Walter Coker and Director Brian Crivella closed the deal.

The firm secured also $80 million in financing for Mockingbird Station, a 560,500-square-foot open-air mixed-use property in Dallas.

HFF–which brokered the property’s sale to the borrower in December in a separate transaction–found long-term fixed-rate debt through Cornerstone Real Estate Advisers, Hartford, Conn., which acted on behalf of an institutional client. 

Mockingbird Station occupies nine acres adjacent to the Mockingbird Station Dallas Area Rapid Transit light rail station and North Central Expressway near Southern Methodist University. It includes 211 loft-style apartment units, 149,000 square feet of 95-percent-leased office space and 197,000 square feet of retail.

HFF Associate Director Michael Cosby and Senior Managing Director Wally Reid led the debt placement team.