HFF Closes Sale of Class A Office Asset in Dallas’ Uptown Submarket

1/31/17

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 2525 McKinnon, a 111,722-square-foot, Class A office building in Dallas’ Uptown submarket.

HFF marketed the property on behalf of the seller, Talon Private Capital, and procured the buyer, City Office REIT, Inc. (NYSE: “CIO”).

Completed in 2003, 2525 McKinnon boasts eight stories of office space that is 96 percent leased to tenants, including The Retail Connection; Aramark Service, Inc.; Staffelbach; Hunt and Berkeley Research. The property is situated on a .86-acre site in the core of Uptown, directly across from the recently-completed McKinney & Olive office tower that also features 50,000 square feet of retail space anchored by Del Frisco’s Double Eagle Steakhouse. With a Walk Score® of 92, the property has walkable accessibility to all of Uptown’s amenity base.

About Talon

Talon is a privately-held real estate investment firm with deep experience in acquisition, disposition and investment management across a broad range of property types and within multiple U.S. markets. Talon seeks to provide superior risk-adjusted returns through excellent execution of carefully developed strategies. Talon Principals have engaged in real estate investment activities for over twenty five years (through numerous economic and real estate cycles) on behalf of partners, and for their own accounts, with a cumulative transaction volume approaching $10 billion.

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the Southern and Western United States. City Office currently owns or has an interest in 4.5 million square feet of office properties.

About HFF

Holliday Fenoglio Fowler, L.P., 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.com or follow HFF on Twitter @HFF.