Dallas’ Cityplace Tower Lands $120M Refi
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Cityplace Tower, Dallas
Dallas—HFF has secured $120 million in refinancing for Cityplace Tower, a 42-story, 1.35 million-square-foot, Class A office tower in Dallas, Texas, on behalf of Parmenter and Angelo, Gordon & Co.
HFF placed the loan with Starwood Property Trust. The loan is interest-only for the full term and was used to refinance the existing debt and provide capital for future tenant improvements, leasing commissions and capital expenditures.
“It was an honor to represent Parmenter and Angelo Gordon on the recapitalization of Cityplace,” Ed Coco, HFF senior managing director, said in a prepared release. “The financing opportunity generated a lot of interest from many of the largest debt funds, but Starwood provided the best solution and structure to help the venture maximize its returns over the next several years.”…
