HPI Real Estate Services Extends $155M Loan For Ross Tower In Dallas | 500 North Akard Street | Office | Loan

Summary

Loan

TEXAS

Office

1,100,000 sqft

HPI Real Estate Services extended a $155 million loan for Ross Tower, their 1.1 million square-foot office building located at 500 North Akard Street in Downtown Dallas. The property underwent nearly $20 million in upgrades, including expanded amenities and successful leasing efforts totaling over 415,000 rentable square feet.

Summary of transaction details:

Property Type: Office
Transaction Amount: $155,000,000
Market: Dallas
Address: 500 North Akard Street
Image: Hunter Lee
Date: 02/01/2024

Hunter Lee of HPI Real Estate Services & Investments served as the landlord for this transaction. The loan extended by HPI Real Estate Services was used to finance the improvements made to Ross Tower, as well as its ongoing operations and leasing endeavors.

Details

Deal Summary

FINANCED

IMAGE: Hunter Lee DATE: 02/01/2024 ADDRESS: 500 North Akard Street MARKET: Dallas ASSET TYPE: Office ~ SF: 1,100,000 LANDLORD: Hunter Lee - HPI Real Estate Services & Investments (@HPI_TX) LOAN AMOUNT: $155,000,000 NOTE: HPI Real Estate Services extended a $155 million loan for Ross Tower, their 1.1 million square-foot office building in Downtown Dallas. The property underwent nearly $20 million in upgrades, including expanded amenities and successful leasing efforts totaling over 415,000 rentable square feet. &Investments

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Address500 North Akard Street

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