Dealmaker: HFF Arranges $127 for Office Properties

Holliday Fenoglio Fowler, Houston, arranged $126.8 million for office properties in Texas, Maryland and California.

In Frisco, Texas, HFF arranged $57.2 million for 3201 Dallas Parkway, a 12-story Class A office project. A lending syndicate led by Commerce Bank, Kansas City, Mo., supplied the construction loan to developer HALL Group, Dallas.

Scheduled for completion in December, 3201 Dallas Parkway will add an additional 300,000 rentable square feet in 12 floors to the 162-acre HALL Park campus. It will be the tallest office building in Frisco.

Located just north of the Dallas North Tollway/State Highway 121 interchange, the 95 percent occupied HALL Park campus is close to the Dallas/Fort Worth International Airport, Frisco Convention Center and the new Dallas Cowboys headquarters, The Star.

HFF Senior Managing Director Trey Morsbach and Associate Director Michael Cosby led the Dallas-based debt placement team.

In Washington, D.C.’s Greenbelt, Md. suburb, HFF secured $46.6 million for Capital Office Park, a seven-property office portfolio totaling 806,500 square feet. Managing Director Cary Abod and Senior Managing Director Michael Gigliotti represented borrower Morning Calm Management, West Palm Beach, Fla. ACORE Capital, Chicago, provided the floating-rate acquisition financing.

The office park portfolio is currently 60 percent leased to tenants including Whiting Turner and the U.S. District Attorney’s Office. Morning Calm Management plans to move its headquarters to Capital Office Park.

In downtown Oakland, Calif., HFF Senior Managing Director Bruce Ganong, Associate Director Brandon Roth and Associate Zachary Kersten arranged $23 million in acquisition and capital improvement financing for 20-story office building Tribune Tower. They secured a floating-rate loan for borrowers Harvest Properties, Emeryville, Calif. and True North Management Group, White Plains, N.Y.

Built in 1906 as a showroom and store for the John Breuner Furniture Co., Tribune Tower totals 88,500 rentable square feet including ground-floor retail. The adjoining 20-story Renaissance Revival-style clock tower was completed in 1923. The Oakland Tribune newspaper ceased publication last year.

Ganong said Harvest Properties and True North will embark upon a capital improvement plan to transition the tower into a creative office environment.