{"id":1004126977,"date":"2015-09-07T04:39:43","date_gmt":"2015-09-07T12:39:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359941"},"modified":"2020-04-21T01:21:34","modified_gmt":"2020-04-21T09:21:34","slug":"dallas-office-tower-lands-190m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-office-tower-lands-190m-in-financing\/","title":{"rendered":"Dallas Office Tower Lands $190M in Financing"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

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

Fountain Place – 1445 Ross Ave<\/p>\n<\/div>\n

Goddard Investment Group has landed $190 million in financing for a 58-story office tower in downtown Dallas.<\/p>\n

An HFF<\/a> debt placement team led by Senior Managing Director John Brownlee, Managing Director Steve Heldenfels and Director Jim Curtin arranged the loan on behalf of the Atlanta-based company. The broker managed to secure the financing through AIG Investments<\/a>, breaking the loan into two separate components: a $100 million, initial seven-year, fixed-rate loan, and a $90 million floating-rate loan. According to HFF, loan proceeds are being used to take out the existing financing, as well as to fund tenant improvements and upgrades, such as the addition of a new parking garage and interior renovations.<\/p>\n

The Class A office tower at 1445 Ross Ave. in the Dallas Arts District is the city\u2019s fifth-largest building, and the 15th tallest in Texas. It is also one of only three LEED Gold certified Class A office buildings in downtown Dallas.<\/p>\n

Called Fountain Place<\/a> due to the Dan Kiley-designed \u201cFountain Plaza\u201d water garden at its base, the building topped out in 1986 and is currently 86 percent leased. The tenant roster includes Wells Fargo Bank, N.A. and Tenet Healthcare, among others.<\/p>\n

Fountain Place incorporates an adjacent 1.5-acre development site that could be turned into an above-grade parking garage, and features 1.2 million square feet of office space. The building was developed by Criswell Cos. and designed by Pei Cobb Freed & Partners.<\/p>\n

Image courtesy of Fountain Place<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Goddard Investment Group has landed $190 million in financing for a 58-story office tower in downtown Dallas.<\/p>\n","protected":false},"author":192,"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":[1586,21742],"tags":[],"class_list":["post-1004126977","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"\nDallas Office Tower Lands $190M in Financing - 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\/dallas-office-tower-lands-190m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dallas Office Tower Lands $190M in Financing\" \/>\n<meta property=\"og:description\" content=\"Goddard Investment Group has landed $190 million in financing for a 58-story office tower in downtown Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dallas-office-tower-lands-190m-in-financing\/\" \/>\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=\"2015-09-07T12:39:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T09:21:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/4138.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dallas-office-tower-lands-190m-in-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dallas-office-tower-lands-190m-in-financing\/\",\"name\":\"Dallas Office Tower Lands $190M in Financing - 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