Tuesday, October 26, 2021
74.3 F
Fort Worth

Summit Office Park sold to Austin group

🕐 1 min read

Summit Office Park

A. Lee Graham

Reporter

 

Holliday Fenoglio Fowler LP has closed on the sale and arranged financing for Summit Office Park in Fort Worth.

The firm marketed the two-building, 242,482-square-foot Class A office complex on behalf of the seller, Prescott Group. 

Pennybacker Capital purchased the asset, and Holliday Fenoglio Fowler assisted in securing acquisition financing on behalf of the buyer. Providing the loan was ViewPoint Bank.

Summit Office Park stands north of Interstate 30 just west of downtown Fort Worth. Its eight-story buildings, located at 1200 and 1300 Summit Avenue, are 95 percent leased and have 120,396 square feet and 122,086 square feet, respectively.

Leading Holliday Fenoglio Fowler’s debt placement team were Travis Anderson, senior managing director; and Steve Heldenfels, managing director.

Prescott Group is a Dallas-based investment company focusing on real estate assets and debt. Pennybacker Capital is a real estate private equity firm based in Austin.

Holliday Fenoglio Fowler LP and HFF Securities LP are owned by HFF Inc., which operates out of 23 offices nationwide and provides commercial real estate and capital markets services to the U.S. commercial real estate industry. More information is available at hfflp.com.

lgraham@bizpress.net

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate