HFF Secures $57M for Dallas Office Building
The company is financing the development of 3201 Dallas Parkway, a 12-story Class A building at HALL Park in Frisco, Texas.
By Evelina Croitoru
3201 Dallas Parkway
Dallas—HFF has announced its arrangement of $57.3 million in financing for the development of 3201 Dallas Parkway, a Class A office building that will be located within the HALL Park in Frisco, Texas. The new property is slated to come online in December of this year.
The new property will be the 17th building to be developed on the 162-acre, award-winning HALL Park. The campus encompasses roughly 2.5 million rentable square feet and is currently 95 percent leased. Amenities include a 100,000-square-foot, on-site fitness center, state-of-the-art conference center, full-service bank, retail center and on-site child care.
3201 Dallas Parkway is a planned LEED Silver-certified building that will feature 300,000 rentable square feet throughout 12 floors, making it the tallest office building in Frisco. The development project is located north of the Dallas North Tollway and State Highway 121 interchange and close to Dallas/Fort Worth International Airport and numerous retail and employment centers–such as Stonebriar Centre, The Shops at Legacy and Legacy Park.
HFF represented the developer, HALL Group, to place the construction loan with a lending syndicate led by Commerce Bank.
Rendering courtesy of hallpark.com
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