HFF announces sale and financing of Rollingwood Center I and II in Austin, Texas
HOUSTON, TX – January 31, 2018 – HFF announces the sale and financing of Rollingwood Center I and II, a two-building, Class A office complex totaling 214,300 square feet in the Southwest submarket of Austin, Texas.
The HFF team represented the seller, Endeavor Real Estate Group, in the transaction. Lionstone Investments, a data-analytics driven real estate investment firm, purchased the asset and was assisted by HFF in securing the 15-year, fixed-rate acquisition loan through Lincoln Financial Group.
Rollingwood Center I and II is located at 2500 Bee Caves Road at the intersection of South Mopac and Bee Caves Road approximately two miles from downtown Austin. This location has superior access to major thoroughfares, including Loop 360 and Mopac, and is adjacent to Zilker Park and the prestigious neighborhoods of Rollingwood and West Lake. Completed in 2015, Rollingwood Center features protected views of the downtown skyline, floor-to-ceiling windows, column-free floorplates and a full-service fitness center. The properties are fully leased to six tenants: EZ Corp, Inc., Kinnser Software, Inc., Marsh & McLennan Agency, LLC, Heritage Title Company of Austin, Inc., Independence Title, and Barnes Lipscomb Stewart & Ott.
Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.
About Endeavor Real Estate Group
Based in Austin, Texas, Endeavor Real Estate Group is a full-service commercial real estate firm that enhances value with a creative approach to investment, design, management, and leasing of retail, office, industrial, self-storage, mixed-used and multi-family properties. Endeavor is committed to sustainable, meaningful and high-quality projects that enhance the surrounding communities and exceed stakeholder expectations. Since opening its doors in 1999, Endeavor has acquired or developed more than 15 million square feet; has 8 million square feet of office, industrial and retail space under management; and over 4 million square feet currently in its pipeline. Noteworthy projects include, Plaza Saltillo, Domain NORTHSIDE, Southpark Meadows, Domain Office Buildings 1-8, The Parke, Southpark Commerce Center III, IBC Bank Plaza, Champion Office Park and The Bowie. Endeavor was recently named to develop the Austin-American Statesman site on the south shore of Lady Bird Lake, and was ranked by Austin Business Journal as the region’s top developer on its 2015-2016 list. For more information, visit: endeavor-re.com.
About Lionstone Investments
Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work—Places for Productive People.® Lionstone Investments is a registered investment adviser subsidiary of Columbia Management Investment Advisers, LLC. For more information, please visit lionstoneinvestments.com.
HFF and its affiliates operate out of 25 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.