June 20, 2017
HFF arranged $80 million in financing for BLVD Place, a 216,692-square-foot, mixed-use retail and office project with 1.42 acres of additional developable land in the Uptown District/Galleria area of Houston.
HFF worked on behalf of the borrower, Whitestone REIT, to secure the 10-year, fixed-rate loan. HFF also represented the seller, a partnership of San Francisco-based Bailard, Inc. and Wulfe & Co, in the sale of BLVD Place.
Anchored by Whole Foods, the 99.2%-leased BLVD Place is the only grocery-anchored, major mixed-use development in Houston. The additional developable land gives the borrower the ability to build an estimated 137,000 square feet of additional leasable space. BLVD Place is located at 1700 Post Oak Blvd.
HFF’s debt placement team representing the borrower included Matt Kafka and Kelly Layne.
For comments, questions or concerns, please contact Dennis Kaiser