{"id":1004108885,"date":"2014-12-04T10:55:08","date_gmt":"2014-12-04T18:55:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=311358"},"modified":"2020-05-12T03:18:00","modified_gmt":"2020-05-12T11:18:00","slug":"hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\/","title":{"rendered":"HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<div id=\"attachment_311359\" class=\"wp-caption alignright\" style=\"width: 220px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/3811-Turtle-Creek.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-311359 \" title=\"3811 Turtle Creek\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/3811-Turtle-Creek.jpg\" alt=\"\" width=\"210\" height=\"210\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">3811 Turtle Creek<\/p>\n<\/div>\n<p>KBS Realty Advisors recently increased its Dallas footprint through the acquisition of 3811 Turtle Creek, a 296,000-square-foot, Class A office tower in Uptown. The deal was brokered by HFF L.P., which acted on behalf of the seller, MetLife Real Estate Investors. The HFF team also helped the new owners obtain financing, having secured a seven-year, 3.55 percent, fixed-rate loan through a life insurance company.<\/p>\n<p>The asset is located on a 5.03-acre site at the intersection of Turtle Creek Boulevard and Blackburn Street. It neighbors West Village, the Katy Trail and Highland Park. Built in 1985, the 21-story office building recently underwent renovations and now features amenities such as a fitness center, an adjacent 899-space garage, on-site concierge service and landscaped courtyard and grounds. At the time of the acquisition, the asset was 81 percent leased. Its tenant roster includes Eagle Materials Inc., Prosperity Bank, Estes Okon Thorne &amp; Carr and Gables Residential.<\/p>\n<p>\u201cThis property not only provides all the key building blocks that tenants look for today but it is also well located within Dallas\u2019 prime submarket and very close to Highland Park, one of the most affluent neighborhoods in Texas,\u201d said KBS Central Regional President Ken Robertson in an official statement.<\/p>\n<p>\u201cWe see a great opportunity to both revamp the property\u2019s lobby, common areas and amenities and capitalize on the evolving area dynamics with the renovation happening at Turtle Creek Village,\u201d said KBS Dallas Asset Manager Ryan McManigal.<\/p>\n<p>McManigal pointed to the long-awaited renovation of Turtle Creek Village, which is one of Dallas\u2019 first true mixed-use projects. Built in the late 1960s, the retail hub is now being redeveloped by Lincoln Property. Upon completion, it is expected to feature about 325,000 square feet of prime retail and office space.<\/p>\n<p><em>Image courtesy of KBS Realty Advisors via official <\/em><a href=\"https:\/\/www.kbsrealty.com\/\" rel=\"nofollow\"><em>website<\/em><\/a><em> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KBS Realty Advisors recently increased its Dallas footprint through the acquisition of 3811 Turtle Creek, a 296,000-squre-foot, Class A office tower in Uptown. The deal was brokered by HFF, which acted on behalf of the seller, MetLife Real Estate Investors. The HFF team also helped with obtaining financing for the new owners, having secured a seven-year, 3.55 percent, fixed-rate loan through a life insurance company.<\/p>\n","protected":false},"author":1158,"featured_media":1004505682,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004108885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas\" \/>\n<meta property=\"og:description\" content=\"KBS Realty Advisors recently increased its Dallas footprint through the acquisition of 3811 Turtle Creek, a 296,000-squre-foot, Class A office tower in Uptown. The deal was brokered by HFF, which acted on behalf of the seller, MetLife Real Estate Investors. The HFF team also helped with obtaining financing for the new owners, having secured a seven-year, 3.55 percent, fixed-rate loan through a life insurance company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-04T18:55:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T11:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3811-Turtle-Creek.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas\",\"datePublished\":\"2014-12-04T18:55:08+00:00\",\"dateModified\":\"2020-05-12T11:18:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/\"},\"wordCount\":313,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/3811-Turtle-Creek.jpg\",\"articleSection\":[\"Dallas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-sale-financing-for-3811-turtle-creek-in-uptown-dallas\\\/\",\"name\":\"HFF Arranges Sale, Financing for 3811 Turtle Creek in Uptown Dallas - 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