{"id":1004112884,"date":"2015-02-05T12:51:54","date_gmt":"2015-02-05T20:51:54","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=323637"},"modified":"2022-12-08T07:10:13","modified_gmt":"2022-12-08T15:10:13","slug":"hff-arranges-50m-in-financing-for-uptown-houston-office-building-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\/","title":{"rendered":"HFF Arranges $50M in Financing for Uptown Houston Office Building"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

3040 Post Oak<\/p>\n<\/div>\n

Pittsburgh-based HFF arranged $50 million in financing for 3040 Post Oak Blvd., a 427,486-square-foot office building that is part of the Lakes on Post Oak complex in Uptown Houston.<\/p>\n

The real estate investment firm acted on behalf of the owner, MetLife Real Estate Investors, obtaining a 10-year, fixed-rate loan through Northwestern Mutual Life Insurance Co. The HFF debt placement team consisted of Senior Managing Director Wally Reid, Associate Director Tyler Ford and Real Estate Analyst Matthew Putterman.<\/p>\n

Located at the intersection of Post Oak Boulevard and Hidalgo, the property has been the recipient of \u201cThe International Office Building of the Year\u201d award by the Buildings Owners and Managers Association.<\/p>\n

The asset was purchased by MetLife in 2014 <\/a> with the help of HFF, which marketed and closed the sale. It was acquired from a joint venture comprising Five Mile Capital Partners L.L.C. and Crocker Partners.<\/p>\n

\u201cIt\u2019s kind of interesting because it is part of a larger complex, so three office buildings and a land piece were offered on a portfolio or individual basis, and on that particular building we did have strong interest,\u201d Trent Agnew, director with HFF, told Commercial Property Executive<\/em> last year. \u201cIt\u2019s 80 percent leased, in one of the strongest submarkets in the city, so there\u2019s near-term potential with vacancies, and in-place and long-term leases provide a backstop and security of income.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Pittsburgh-based HFF announced that it has recently arranged $50 million in financing for 3040 Post Oak Boulevard, a 427,486-square-foot office building part of the Lakes on Post Oak complex in Uptown Houston.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004112884","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"\nHFF Arranges $50M in Financing for Uptown Houston Office Building - 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-50m-in-financing-for-uptown-houston-office-building-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges $50M in Financing for Uptown Houston Office Building\" \/>\n<meta property=\"og:description\" content=\"Pittsburgh-based HFF announced that it has recently arranged $50 million in financing for 3040 Post Oak Boulevard, a 427,486-square-foot office building part of the Lakes on Post Oak complex in Uptown Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\/\" \/>\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=\"2015-02-05T20:51:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:10:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/3040-Post-Oak.jpg\" \/>\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-50m-in-financing-for-uptown-houston-office-building-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"HFF Arranges $50M in Financing for Uptown Houston Office Building\",\"datePublished\":\"2015-02-05T20:51:54+00:00\",\"dateModified\":\"2022-12-08T15:10:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/3040-Post-Oak.jpg\",\"articleSection\":[\"Houston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-50m-in-financing-for-uptown-houston-office-building-3\\\/\",\"name\":\"HFF Arranges $50M in Financing for Uptown Houston Office Building - 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