HFF Closes Sale of and Arranges Financing for 17Seventeen McKinney in Dallas

DALLAS--()--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for 17Seventeen McKinney, a 369,017-square-foot, Class AA, 98-percent-leased office tower in Uptown Dallas.

HFF marketed the property on behalf of the seller, Granite Properties, Inc. and MetLife Real Estate, and procured the buyer, Gaedeke Group. Additionally, HFF worked on behalf of the new owner to secure the fixed-rate acquisition loan through MetLife Real Estate.

17Seventeen McKinney is a LEED Gold-certified property featuring 19 stories of office space occupied by tenants, including Regions, Huitt-Zollars, Bain & Company, Colliers and Avigilon. Developed in 2010 in conjunction with Gables Residential’s Park Seventeen project, which it is adjoined to via a roof deck, the property offers tenants a state-of-the-art fitness facility, conference facility, 7th floor mezzanine deck and dining at Stampede 66. Situated in the heart of Uptown at 1717 McKinney, the property has easy access to cultural attractions including Klyde Warren Park, The Dallas Museum of Art and American Airlines Center, among others.

About Granite Properties

Granite Properties is a privately held commercial real estate investment and management company with offices in Atlanta, Dallas, Denver, Houston and Los Angeles. Since 1991, Granite Properties has acquired or developed more than 20 million square feet of commercial real estate totaling $3.4 billion. With a primary emphasis on office properties and an unusually long-term view, Granite Properties places a high priority on creating exceptional work environments for its tenants while conserving natural resources. graniteprop.com

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About Gaedeke Group

Gaedeke Group is a full-service real estate firm that creates high-quality office environments by bringing sound management principles and ongoing investments to the Class A properties they own and operate. Founded in 1995, Gaedeke Group delivers investment, acquisition, leasing, management, construction management, and portfolio management services that work in concert to build long-term value. Gaedeke Group is headquartered in Dallas, Texas with regional offices in Miami, Florida. The company currently owns and operates commercial properties in Arizona, Florida, Tennessee, Texas and Washington, D.C.

About HFF

HFF 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

HFF
Andrew S. Levy, (214) 265-0880
HFF Senior Managing Director
alevy@hfflp.com
or
John W. Rose, (214) 265-0880
HFF Senior Managing Director
jrose@hfflp.com
or
Kristen M. Murphy, (617) 338-0990
HFF Director, Marketing
krmurphy@hfflp.com
or
Jackson Walker LLP representing Granite Properties, Inc.
Lewis S. Kasner, (713) 752-4322
Partner
lkasner@jw.com

Release Summary

HFF announced today that it has closed the sale of and arranged financing for 17Seventeen McKinney, a 369,017-square-foot, Class AA, 98-percent-leased office tower in Uptown Dallas.

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Contacts

HFF
Andrew S. Levy, (214) 265-0880
HFF Senior Managing Director
alevy@hfflp.com
or
John W. Rose, (214) 265-0880
HFF Senior Managing Director
jrose@hfflp.com
or
Kristen M. Murphy, (617) 338-0990
HFF Director, Marketing
krmurphy@hfflp.com
or
Jackson Walker LLP representing Granite Properties, Inc.
Lewis S. Kasner, (713) 752-4322
Partner
lkasner@jw.com