HOUSTON-Months after acquiring the 1.3-million-square-foot Post Oak Central from Crescent Real Estate Holdings LLC, Cousins Properties Inc. has secured financing to the tune of $188.8 million for the property. HFF placed the seven-year, non-recourse, fixed-rate mortgage loan with TIAA-CREF.
Cousins acquired the property at 1980-2000 Post Oak Blvd. in February 2013 for $232 million. Situated on 17.3 acres, the property consists of approximately 1.1 million square feet of office space and 86,046 square feet of retail space, along with 4,418 parking spaces. The asset is 85.6% leased to tenants including Apache Corporation, Stewart Information Systems and GDF Suez North America.
The HFF team representing Cousins was led by executive managing director Scott Galloway and director Colby Mueck.
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