Angelo, Gordon & Co. Secures $113.9M Loan From AllianceBernstein Fund In Dallas Office Deal

Located at 2801 N Central Expy in Dallas, TX, the 240,000-square-foot office building known as 2801 NCX recently secured $113.9 million in acquisition financing. The Class AA property sits on 2.52 acres in the West Village subsection of Uptown Dallas, offering amenities such as a fitness center, outdoor space, and 10,000 square feet of first-floor retail space. The building features 12 floors of office space, fully leased to The Richards Group, and provides parking for 609 vehicles at a ratio of 3.08 spaces per 1,000 square feet.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $113,900,000.00
• Address: 2801 N Central Expy, Dallas, TX, 75204
• Market: Dallas

The joint venture between OliveMill Holdings, Hunt Realty Investments, and Angelo, Gordon & Co. successfully secured the financing for 2801 NCX. JLL Capital Markets, on behalf of the borrower, arranged the five-year, floating-rate loan with a fund managed by AllianceBernstein. Alongside the borrower's representatives, Kris Lowe and Rex Cruz of JLL, Senior Managing Director Jim Curtin, Vice President Rex Cruz, and Analyst Ryan Pollack were part of the JLL Capital Markets team facilitating the deal. The CityPlace/Uptown DART light rail station is conveniently adjacent to the property, further enhancing its accessibility.