HFF Closes Sale of and Arranges Financing for 17Seventeen McKinney in Dallas
October 05 2016 - 4:17PM
Business Wire
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161005006387/en/
HFFAndrew S. Levy, (214) 265-0880HFF Senior Managing
Directoralevy@hfflp.comorJohn W. Rose, (214) 265-0880HFF
Senior Managing Directorjrose@hfflp.comorKristen M. Murphy,
(617) 338-0990HFF Director, Marketingkrmurphy@hfflp.comorJackson
Walker LLP representing Granite Properties, Inc.Lewis S.
Kasner, (713) 752-4322Partnerlkasner@jw.com
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