HFF announces that it has closed the sale and financing of Quadrangle, a premier mixed-use development comprising approximately 194,332 square feet of office, retail and creative office space in Uptown Dallas.
HFF marketed the property on behalf of the seller, American Realty Advisors, and procured the buyer, Stream Realty Partners, L.P. Additionally, working on behalf of Stream, HFF placed the acquisition loan through TPG RE Finance Trust (NYSE: TRTX).
Quadrangle is positioned on 3.8 acres in the center of Uptown Dallas with unmatched accessibility to upscale residential developments, a multitude of retail amenities, the Katy Trail, McKinney Avenue and affluent neighborhoods such as Park Cities. Uptown has recently been named, “one of the top millennial destinations in the U.S.,” by Mayflower and has seen population growth of more than 30 percent since 2010. The property, which is located at 2800-2828 Routh Street, contains an eight-story, 128,905-square-foot office tower that was renovated in 2017; a 21,443-square-foot creative office building; and five retail buildings totaling 43,984 square feet. Tenants within Quadrangle include Publicis, Ebby Halliday, Crushcraft, Theatre 3, Tacos and Tequila, Dream Café and BBC.