HOUSTON--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing for 7700 Parmer, a 913,000-square-foot, Class A office campus in northwest Austin, Texas.
Working on behalf of the borrower, Hallandale Beach, Florida-based Accesso Partners, LLC, HFF placed the loan with JPMorgan Chase Bank, National Association. Loan proceeds were used to acquire the property.
7700 Parmer is located in northwest Austin’s technology corridor about five miles north of the MoPac Expressway/Research Boulevard interchange. This location is near Apple’s $300 million campus that is under construction and the corporate campuses for Dell, National Semiconductor, IBM and a planned campus for Charles Schwab. 7700 Parmer is 94 percent leased to tenants including Google, Oracle, eBay/Pay Pal, Electronic Arts, Polycom and Dun & Bradstreet. The property features a state-of-the-art auditorium, full-service cafeteria with multiple culinary options, baseball field, basketball courts, soccer field, volleyball court and a daycare facility.
HFF’s debt placement team representing the borrower was led by senior managing director Susan Hill.
About Accesso Partners LLC
Accesso Partners LLC is a full-service, vertically-integrated commercial real estate investment manager, owner and operator that aims to provide superior returns to its U.S. and international individual and institutional investors. Accesso’s focus is on acquiring commercial office properties in Class A locations in the largest and fastest growing metropolitan cities and premier suburban submarkets throughout the U.S. Accesso’s property portfolio includes 40 office buildings covering 13 million SF. Its affiliate, Accesso Services LLC, provides proactive, cost-efficient property management services with an owner’s mindset. Accesso Partners, LLC is headquartered in Hallandale Beach, FL and has offices in Atlanta, Chicago, Dallas, Houston and Minneapolis.
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.