Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured acquisition financing for 7700 Parmer, a 913,000-square-foot, Class A office campus in northwest Austin, Texas.
Working on behalf of the borrower, Hallandale Beach, Florida-based Accesso Partners, LLC, HFF placed the loan with JPMorgan Chase Bank, National Association. Loan proceeds were used to acquire the property.
7700 Parmer is located in northwest Austin’s technology corridor about five miles north of the MoPac Expressway/Research Boulevard interchange. This location is near Apple’s $300 million campus that is under construction and the corporate campuses for Dell, National Semiconductor, IBM and a planned campus for Charles Schwab. 7700 Parmer is 94 percent leased to tenants including Google, Oracle, eBay/Pay Pal, Electronic Arts, Polycom and Dun & Bradstreet. The property features a state-of-the-art auditorium, full-service cafeteria with multiple culinary options, baseball field, basketball courts, soccer field, volleyball court and a daycare facility.
HFF’s debt placement team representing the borrower was led by senior managing director Susan Hill.