Equity Office sells Plaza at Solana in Dallas Suburb to Halbert Management Corp

July 21, 2016— Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for Plaza at Solana, a three-building office and retail...

July 21, 2016— Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for Plaza at Solana, a three-building office and retail mixed-use development in the suburban Dallas community of Westlake, northwest of Dallas/Fort Worth International Airport.

HFF marketed the property on behalf of the seller, Equity Office. Harbert Management Corporation purchased the asset for an undisclosed amount. Additionally, HFF worked on behalf of the new owner to secure the five-year, fixed-rate acquisition loan with one two-year extension through LegacyTexas Bank.

WRITING 101
Plaza at Solana is positioned at 1301 Solana Boulevard within Solana Business Park, a mixed-use business park featuring offices, a Marriott hotel, Larry North Fitness Club, retail, restaurants and jogging trails. The asset’s location at the intersection of Solana Boulevard and State Highway 114 allows for access to the entire north Texas region via State Highway 114, U.S. Route 377 and Interstate 35. The property is proximate to Dallas/Fort Worth International Airport, Southlake Town Square and three of Dallas-Fort Worth’s top-four suburbs. The buildings total 359,873 square feet and are leased to a variety of tenants, including Wells Fargo, Verizon Wireless, Audatex, Echo Locum Tenens, Pfizer, Western & Southern Life Insurance Company and Midwest Hospitality.

[button href=”https://www.hfflp.com/media-center/press-releases/143445/hff-closes-sale-and-arranges-financing-for-plaza-at-solana-mixed-use-development.aspx” style=”emboss” size=”medium” color=”#000000″ target=”_blank”]Source: HFF[/button]

Categories
CommercialDallasMixed UseMortgageNationalOfficeReal Estate FinanceRetailSalesSouth

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