DALLAS, TX – February 11, 2019 – HFF announces that it has closed the sale and financing of Quadrangle, a premier mixed-use development comprising approximately 194,332 square feet of office, retail and creative office space in Uptown Dallas, Texas.
HFF marketed the property on behalf of the seller, American Realty Advisors, and procured the buyer, Stream Realty Partners, L.P. Additionally, working on behalf of Stream, HFF placed the acquisition loan through TPG RE Finance Trust (NYSE: TRTX).
Quadrangle is positioned on 3.8 acres in the center of Uptown Dallas with unmatched accessibility to upscale residential developments, a multitude of retail amenities, the Katy Trail, McKinney Avenue and affluent neighborhoods such as Park Cities. Uptown has recently been named, “one of the top millennial destinations in the U.S.,” by Mayflower and has seen population growth of more than 30 percent since 2010. The property, which is located at 2800-2828 Routh Street, contains an eight-story, 128,905-square-foot office tower that was renovated in 2017; a 21,443-square-foot creative office building; and five retail buildings totaling 43,984 square feet. Tenants within Quadrangle include Publicis, Ebby Halliday, Crushcraft, Theatre 3, Tacos and Tequila, Dream Café and BBC).
About American Realty Advisors
With more than $9.3 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. ARA is 100% employee owned and client focused and currently has over 100 employees. The firm was registered in 1990 with the U.S. Securities and Exchange Commission as an Investment Advisor under the Investment Advisers Act of 1940. ARA is also a fiduciary to its clients and acts in the best interests of our investors. More information regarding ARA can be found at haracapital.com.
About Stream Realty Partners
Stream is a commercial real estate firm with locations across the country. The company's full-service offerings cover the broad spectrum of leasing, management, development, construction and investment sales services. In addition, Stream specializes in sourcing investment opportunities for the firm and its clients. Since its formation in 1996, Stream has executed $3.4 billion of acquisitions and developments totaling 29 million square feet of office, industrial, data center and retail properties. Stream currently leases and/or manages over 170 million square feet across the nation, including 17 million square feet of owned properties. Visit streamrealty.com.
TPG RE Finance Trust, Inc. is a commercial real estate finance company that focuses primarily on originating, acquiring, and managing first mortgage loans and other commercial real estate-related debt instruments secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of TPG. TPG is a global alternative asset firm with a 25-year history and more than $103 billion of assets under management. For more information regarding TRTX, visit tpgrefinance.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
TX Lic. #0413696
HFF Senior Managing Director
HFF Senior Managing Director
HFF Director, Public Relations