2013-09-16 23:05:04 -
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,
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. (NYSE: 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.
HFF Executive Managing Director
HFF Associate Director, Marketing
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Source: HFF, Inc. via Thomson Reuters ONE