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HFF secures refinancing for three Dallas Market Center buildings

05/20/2015

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for three buildings totaling 3.3 million square feet that are part of the Dallas Market Center in Dallas, Texas. 

HFF worked on behalf of Crow Holdings to secure the loan for the World Trade Center and Dallas Trade Mart with Goldman Sachs Mortgage Company and the financing for the International Trade Plaza with Comerica Bank.

Composed of the World Trade Center, Dallas Trade Mart, International Trade Plaza and Market Hall, the 110-acre Dallas Market Center (DMC) is the largest wholesale market center in the world, totaling more than 5.5 million square feet – twice the size of the Empire State Building.  The buildings house space for wholesale merchants around the world to connect with more than 75,000 buyers from all 50 states and 80 countries.  DMC welcomes approximately 375,000 people to more than 50 market events annually where an estimated $8.5 billion in transactions occur.  More than 1,200 tenants in categories including women’s, men’s and children’s fashion and accessories; jewelry; lighting; rugs; home accents and toys rent space in the DMC buildings.  The buildings are located at 2000, 2050 and 2100 Stemmons Freeway (Interstate 35) in northwestern Dallas close to Dallas-Love Field.  Market Hall is not included in the financing.

The HFF debt placement team representing the borrower was led by executive managing director Jody Thornton, senior managing director Andy Scott, director Jim Curtin and real estate analyst Gay Thomas.

About Crow Holdings
Crow Holdings encompasses multiple operating businesses and signature properties.  These operating businesses include Crow Holdings Capital – a registered investment advisor (RIA) comprised of private equity real estate funds and a diversified investment advisory firm – as well as Trammell Crow Residential (TCR) and Crow Holdings Industrial.  The company’s signature properties include the Old Parkland Campus, the Anatole Hotel and Dallas Market Center – all located in Dallas – as well as the Windsor Court Hotel in New Orleans, Louisiana, and the International Trade Mart in Brussels, Belgium.
 
Although Crow Holdings’ foundation is deeply rooted in real estate development, the company made a strategic decision in 1988 to diversify a substantial portion of its portfolio into diversified investments.  This provided a stable foundation for the company’s current and future initiatives, as well as an opportunity to share its decades of lessons learned with investors, partner families, business partners and associates.

About HFF
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.

05/20/2015 - 20:15

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HFF

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