November 9, 2016
HFF, working on behalf of Parmenter and Angelo, Gordon & Co., has secured refinancing to the tune of $120 million for Cityplace Tower in Dallas. The asset at 2711 N. Haskell Ave. is a 42-story, 1.35 million-square-foot, Class A office building in Dallas’ Uptown submarket. Ed Coco, John Brownlee, Jim Curtin and Matt Casey led the HFF debt placement team in representing the borrower.
Starwood Property Trust issued the loan, which is interest-only for the full term. The borrower, which acquired the property in 2013, plans to use the proceeds to refinance existing debt and provide capital for future tenants improvements, leasing commissions and capital expenditures. A $15 million renovation and rebranding began in 2015, and will continue into the next year.
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