HOUSTON, TX, September 16, 2013 - HFF announced today that it has secured $188.83 million in financing for Post Oak Central One, Two and Three, a three-building office, retail and parking complex totaling 1.3 million square feet in Houston`s Galleria area.
Working exclusively on behalf of Cousins Properties Incorporated, HFF placed the seven-year, non-recourse fixed-rate mortgage loan with TIAA-CREF. The property was previously unencumbered with debt.
Post Oak Central One, Two and Three is comprised of 1,193,713 square feet of office space plus 86,046 square feet of retail space, and 4,418 parking spaces. The property is 95.6 percent leased to tenants including Apache Corporation, Stewart Information Systems and GDF Suez North America. Situated on 17.34 acres at 1980-2000 Post Oak Boulevard, Post Oak Central is close to the Galleria Mall, Loop 610 and Interstate 10 in Houston`s Galleria/West Loop submarket.
The HFF team representing Cousins was led by executive managing director Scott Galloway and director Colby Mueck.
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, Georgia, primarily invests in Class A office towers located in high growth Sunbelt markets, with a focus on Georgia, Texas and North Carolina.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
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Source: HFF, Inc. via Thomson Reuters ONE