Oct
09
Iconic Dallas Office Tower Gets New Owner
ByGaedeke Group has acquired 17Seventeen McKinney in a deal arranged by HFF.
17Seventeen McKinney
Dallas—The 369,000-square-foot 17Seventeen McKinney office tower in Dallas has changed hands, with HFF pulling double duty on the deal. The commercial real estate and capital markets services provider facilitated the sale of the trophy office asset on behalf of Granite Properties Inc. and MetLife Real Estate, and arranged financing for the buyer, Gaedeke Group’s Gaedeke Holdings XIV Ltd.
HFF was the right firm to handle the job; it has history with 17Seventeen, having orchestrated $73 million in financing for the property through Regions Bank, a tenant in the building, in 2014.
Located in Dallas’ coveted Uptown submarket, 17Seventeen is classified as Class AA, and it’s got all the premier characteristics to support the designation. “This building is pure quality—every box has been checked,” Belinda Dabliz, vice president of leasing with Gaedeke Group, said in a prepared statement…
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