HFF closes sale of and arranges financing for Class A office property in downtown Fort Worth, Texas
January 6,2015
Reposted from Nasdaq
January 6, 2015 - HFF announced today that it has closed the sale of and arranged financing for 777 Main, a 980,000-square-foot, Class A office tower in downtown Fort Worth, Texas. HFF marketed the asset on behalf of the seller, Cousins Properties Incorporated. An undisclosed buyer purchased the property. HFF's debt placement team also secured acquisition financing on behalf of the new owner through a global financial services firm. HFF brokered the sale of the property to Cousins in September 2013 as part of an acquisition, which also included the Greenway Plaza office complex in Houston, Texas. 777 Main is a 40-story office tower in the heart of downtown Fort Worth. The property is near Sundance Square, a 35-block commercial, residential, entertainment and retail district. Property features include a top-floor restaurant, The Petroleum Club; Grace, a fine dining restaurant; a fitness center and a state-of-the-art conference center in the lobby. The building is home to tenants including Jacobs Engineering, FTSI, Hallmark Financial Services, Enduro, XTO and Frost Bank. Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The company, based in Atlanta, Georgia, primarily invests in Class-A office assets located in high growth Sun Belt markets, with a focus on Georgia, Texas and North Carolina. The company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousinsproperties.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE:HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker. CONTACTS:ANDREW LEVYHFF Senior Managing Director(214) 265-0880alevy@hfflp.com TREY MORSBACHHFF Senior Managing Director(214) 265-0880tmorsbach@hfflp.com OLIVIA HENNESSEYHFF PR Coordinator, Marketing(713) 852-3500ohennessey@hfflp.com