HFF Arranges $100M Acquisition Financing for Tower at Cityplace in Dallas

HFF announced today that it has arranged $100 million in financing for Tower at Cityplace, a 1.3 million-square-foot, Class A office tower in Dallas, Texas. HFF worked exclusively on behalf of the borrower, Parmenter Realty Partners, to secure the loan through GE Capital Real Estate.  Loan proceeds were used to acquire the asset with a future funding component for leasing and capital expenditures. The Tower at Cityplace is located at 2711 North Haskell Avenue just north of downtown Dallas and visible from the North Central Expressway in Dallas' Uptown District.  The 45-story tower is 69 percent leased to tenants including Dean Foods, Lone Star/Hudson Advisors, AON Service Corporation and Headington Oil.  The property features a 35,000-square-foot Larry North Fitness Center and Spa, 55,000 square feet of meeting room space, a 300-seat amphitheater, several dining options and direct access to the DART rail and McKinney Avenue Trolley service. The HFF team representing Parmenter was led by senior managing director John Brownlee and associate director Jim Curtin. Parmenter Realty Partners is a real estate investment, management and development company, headquartered in Miami, Florida, with regional offices in Dallas, Atlanta and Washington, D.C.  Parmenter operates a series of institutional investment