HFF Secures $154.7M in Joint Venture Equity and Construction Financing for Class A Office Development in Redmond, Washington
HFF (HF)
Last hff earnings: 4/24 04:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- Holliday Fenoglio Fowler, L.P. (HFF) announces that it has secured joint venture equity and construction financing totaling $154.7 million for the development of One Esterra Park, a transit-oriented, Class A office development located adjacent to Microsoft’s world headquarters in Redmond, Washington. Working on behalf of Capstone Partners, LLC, HFF sourced equity capital from an institutional investor and then on behalf of the joint venture secured the construction loan with US Bank. The project is the next phase of the three million-square-foot Esterra Park live-work-play master planned community in suburban Seattle. With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of Class A office space in a six-story building designed with technology tenants in mind. The property is being built to LEED Silver standards and wi
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