HFF arranges $41.5 million construction/permanent loan for new 7-Eleven corporate world headquarters in the Dallas-Fort Worth area
DALLAS, TX – June 15, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $41.5 million construction-to-permanent loan for the 325,000-square-foot, Class A corporate headquarters campus for 7-Eleven under construction in the Cypress Waters master-planned community in Irving and Dallas, Texas.
HFF worked on behalf of Billingsley Company to secure the 12-year construction-to-permanent loan through Pacific Life Insurance Company.
The new mid-rise office campus for 7-Eleven’s corporate headquarters is within Billingsley’s Cypress Waters master-planned community, a 1,000-acre waterfront development with office, multi-housing and retail in the central part of the Dallas-Fort Worth Metroplex. The campus will be situated on 21.6 acres at Beltline and Interstate 635 (LBJ Freeway) in Irving.
The HFF team was led by director Cullen Aderhold, senior managing director Trey Morsbach and real estate analyst Chad Russell.
About Cypress Waters
Cypress Waters’ 1,000 acres will become a high-density community of up to 4 million square feet of office space, 450,000 square feet of retail space, more than 10,000 residences and three schools. Located in the City of Irving, Dallas County and in the Coppell Independent School District, Cypress Waters offers a premier address and the best school system to its citizens. Cypress Waters will join Legacy and Las Colinas as leading suburban developments in the southwest and in the nation. The Offices of Cypress Waters is a sustainable, mixed-use suburban corporate campus in the heart of one of the fastest growing cities in the nation. With two nearby substations, significant sources of water and several fiber providers, the property has tremendous business infrastructure already in place. The abundance of land gives corporations the flexibility to grow organically over time. The campus will reflect 21st century corporate values: environmentally sophisticated buildings, extensive natural landscaping, pedestrian trails and streets and lakeside restaurants. Cypress Waters will represent the lifestyle and values of Generations X, Y and Z thereby enhancing the brands for corporate clients. For more information, visit www.cypresswaters.com.
About Billingsley Company
Founded by Lucy and Henry Billingsley, Billingsley Company co-owns, designs, finances, leases and manages its properties for the future success of the company’s investments and the success of its tenants. Billingsley Company provides expanded opportunities for its business partners. From build-to-suit projects to fully developed communities, the company is engaged in each step of the process. Delivering smart design integrated with artistic works and natural spaces, Billingsley Company’s developments are life-enhancing communities in which to work, live, play, shop and dine. For further information, visit www.billingsleyco.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.