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HFF Arranges $60M Financing for Galleria Place

HOUSTON--HFF has arranged $60.74 million in post-closing acquisition financing for Galleria Place, two class A office buildings totaling 401,000 square feet plus a stand-alone retail site across from the Galleria Mall in Houston.

By Anna Caplan | Updated on January 04, 2016

HOUSTON–HFF has arranged $60.74 million in post-closing acquisition financing for Galleria Place, two class A office buildings totaling 401,000 square feet plus a stand-alone retail site across from the Galleria Mall in Houston.

Working on behalf of the borrower, LPC Realty Advisors I LP, an affiliate of Lincoln Property Co., on behalf of a pension fund client, HFF placed the three-year, floating-rate, interest-only loan with ACORE Capital. HFF also arranged the sale of the property earlier in 2015.

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