Sale and Financing of Energy Square in Dallas Closed by HFF

DALLAS--()--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for Energy Square, a three-building, 948,678-square-foot, Class A office project in Dallas, Texas.

HFF marketed the property on behalf of the sellers, Lincoln Property Company, Champion Partners and Long Wharf Real Estate Partners. Energy Square was purchased by a partnership between GlenStar Properties and USAA Real Estate Company. The new owner was also assisted in securing floating-rate financing through Wells Fargo Bank by HFF.

Energy Square consists of a 10.3-acre site containing three buildings, One, Two and Three Energy Square, plus an approximately one-acre development site zoned for mixed-use development. Recently renovated, the LEED Gold and Energy Star-rated properties feature a fitness center, three conference centers, multiple food service options, Grub Burger Bar restaurant, an outdoor plaza featuring seating and putting greens, and direct access to the DART Light Rail. Energy Square is 82 percent leased to tenants including New York Life Insurance Company, Davaco, and Advanced Homecare. Located at 4925 and 4849 Greenville Avenue and 6688 N. Central Expressway respectively, Energy Square is just off the North Central Expressway near Southern Methodist University north of downtown Dallas.

About Champion Partners

Founded in 1991, Champion Partners is a privately-owned entrepreneurial commercial real estate investment and development firm with a focused opportunistic and value-creation strategy, primarily within the office, industrial and land sectors. Owned and managed by Jeff Swope and Steve Modory, Champion pairs its thorough knowledge of the real estate industry with a unique understanding of the overall capital markets. www.championpartners.com

About Long Wharf Real Estate Partners

Long Wharf Real Estate Partners LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S. Investing on behalf of institutional clients, including public and corporate pension funds, endowments, foundations and family offices, Long Wharf utilizes a broad-based value-added strategy targeting opportunities in multiple property sectors and markets across the country. For further information, visit: www.lwrep.com.

About GlenStar Properties

GlenStar Properties is a Chicago-based commercial real estate company specializing in the development, investment, leasing and management of institutional quality properties. To learn more please visit: www.glenstarproperties.com.

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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

HFF
Andrew Levy, (214) 265-0880
Senior Managing Director
alevy@hfflp.com
or
Adam Herrin, (214) 265-0880
Director
aherrin@hfflp.com
or
Kristen Murphy, (617) 338-0990
Associate Director, Marketing
krmurphy@hfflp.com

Release Summary

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for Energy Square, a three-building, 948,678 SF, Class A office project in Dallas, TX

Contacts

HFF
Andrew Levy, (214) 265-0880
Senior Managing Director
alevy@hfflp.com
or
Adam Herrin, (214) 265-0880
Director
aherrin@hfflp.com
or
Kristen Murphy, (617) 338-0990
Associate Director, Marketing
krmurphy@hfflp.com