Hall Park’s 17th Building Gets $57M In Financing
After breaking ground on its 17th office building in Hall Park in September, Hall Group has finalized more than $57M in financing for the 12-story building at 3201 Dallas Pkwy in Frisco.
HFF senior managing director Trey Morsbach and associate director Michael Cosby represented developer Hall Group to place the construction loan with a lending syndicate led by Commerce Bank.
Earlier this month, Hall Group shared more details about the amenity base within Hall Park. A 15k SF retail plaza will have restaurants and other features for tenants within the 16 open completed buildings. Mississippi-based fast-casual restaurant Newk's Eatery will anchor Park Plaza with 5k SF to open in spring 2017.
The 162-acre park has 2.5M SF of office space that is 95% leased. The 300k SF 17th building will be completed in December 2017 and will pursue a LEED Silver certification.
