Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $57.265 million in financing for the development of 3201 Dallas Parkway, a 12-story, Class A+ office project at HALL Park in Frisco, Texas.
HFF worked on behalf of the developer, HALL Group, to place the construction loan with a lending syndicate led by Commerce Bank.
3201 Dallas Parkway will be the 17th building in the 162-acre, award-winning HALL Park. The highly-amenitized campus totals nearly 2.5 million rentable square feet and is more than 95 percent leased. HALL Park is known for its lush landscaping, jogging trails, lakes and world-class collection of more than 200 pieces of modern art displayed throughout common areas and outdoor spaces. Park amenities include a 10,000-square-foot, on-site fitness center; state-of-the-art conference center; full-service bank; wine lounge; on-site restaurant options; food truck court; courtesy patrols; full-time concierge; retail center and on-site childcare. HALL Group also recently announced the addition of Newk’s Eatery to its new onsite retail destination, Park Plaza.
Due for completion in December 2017, 3201 Dallas Parkway is a planned LEED Silver-certified building that will add an additional 300,000 rentable square feet throughout 12 floors, making it the tallest office building in Frisco. HALL Park is currently occupied by more than 190 tenants, including Jamba Juice, Schlumberger, ThyssenKrupp, Fiserv, Hartford Insurance and Synchrony Financial. Located just north of the Dallas North Tollway/State Highway 121 interchange, the campus is proximate to Dallas/Fort Worth International Airport and multiple retail and employment centers such as Stonebriar Centre, The Shops at Legacy, Legacy Park, Granite Park, the Frisco Convention Center and the new Dallas Cowboys’ headquarters, The Star.
The HFF debt placement team was led by senior managing director Trey Morsbach and associate director Michael Cosby.
About HALL Group
Founded in 1968, Dallas-based HALL Group is owned by founder and chairman Craig Hall and family. The diversified company is made up of several subsidiary brands, including: HALL Park, the 16-building, 162-acre office park in Frisco, Texas; HALL Arts, the three-phase, five-acre, mixed-use development in the Dallas Arts District; HALL Structured Finance, the entrepreneurial, value-add direct private lender to the real estate industry; HALL Collection, an immense collection of local and international art pieces located throughout HALL Group’s properties; HALL Wines, located in St. Helena and Rutherford, producing highly-rated Bordeaux varietals; WALT Wines, producer of handcrafted Pinot Noir and Chardonnay varietals; and SENZA hotel, a Napa Valley boutique hotel and luxury resort. For more information, visit www.hallgroup.com and visit the company on Facebook.
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $25.6 billion regional bank holding company, as of December 31, 2016. For more than 150 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a full range of financial products to consumer and commercial customers, including personal banking, lending, mortgage banking, wealth management, brokerage and capital markets services. Commerce operates in more than 340 locations in the central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in leasing, credit-related insurance and private equity activities.
For additional information, please visit www.commercebank.com.
About HFF
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.comor follow HFF on Twitter @HFF.
