FORT WORTH--HFF has arranged a $73.5-million construction loan for the development of Frost Tower Fort Worth, a 278,000-square-foot, class AA office tower in downtown.
HFF worked on behalf of the borrower, Anthracite Realty Partners, an affiliate of Jetta Operating Company Inc., to secure the three-year, floating-rate loan through Bank of the Ozarks.
Due for completion in December 2017, Frost Tower Fort Worth will be a 25-story tower with ground-floor retail and more than 900 above and below grade parking spaces. Frost Bank will be the anchor tenant and Jetta Operating Co. will move its corporate headquarters to the new building making Frost Tower Fort Worth 56 percent preleased. Project amenities will include a sky lobby on the 12th floor that will feature views of downtown, high-tech C-level suites for senior executives, a fitness facility, café and outdoor terraces. Conference facilities will be available in a variety of sizes with multiple breakout and gathering areas.
The development site is situated on three quarters of a city block, at Taylor and 5th streets, adjacent to Sundance Square in downtown Fort Worth. Nearby cultural attractions include Bass Performance Hall, the Cultural District, West 7th and the Fort Worth Stockyards.
Senior managing director Trey Morsbach and director Cullen Aderhold led HFF's debt placement team.
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