Dealmaker: HFF Arranges $360M for Office, Multifamily

Holliday Fenoglio Fowler, Houston, arranged $359.5 million for Silicon Valley office and Florida multifamily properties.

In Sunnyvale, Calif., HFF Senior Director Brandon Roth, Senior Managing Directors Bruce Ganong and Peter Smyslowski and Analyst Bercut Smith secured $313.8 million in acquisition and construction financing to develop Catalyst, a four-property office portfolio.

HFF represented a venture between Harvest Properties, Emeryville, Calif., and Invesco Real Estate, Dallas, and secured the construction loan through ACORE Capital, Larkspur, Calif.

Catalyst currently consists of a shovel-ready office development site and three existing office buildings totaling 164,870 square feet, two of which will be demolished and replaced with new Class A office space. Upon completion, the development will comprise three new Class A office buildings with two parking structures and one original Class B office building.

The 588,000-square-foot project is surrounded by high-profile corporate neighbors including Apple, Google, Microsoft, LinkedIn and Amazon.

HFF also arranged $45.7 million in financing for PARC3400, a 260-unit Class A apartment property in Davie, Fla. HFF Managing Director Elliott Throne and Director Jesse Wright secured a fixed-rate loan for Park Partners Residential, a joint venture between Rosemurgy Properties and Giles Capital Group.

HFF will service the loan, which closed on April 30. Loan proceeds refinanced the construction financing the firm arranged in 2016.

PARC3400 delivered in 2017.