$4.5 MILLION SECURED FOR ADDISON II PURCHASE

ADDISON, TEXAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged $4.5 million in acquisition financing for the purchase of Addison II, a two-story, 181,000-square-foot office/flex property located in Addison. The property is situated on 11.2 acres at 4550 Excel Pkwy. and was 60 percent occupied at the time of closing. The financing contains a 5-year term and a 6.75 percent fixed interest rate. The lender was Aetna Health & Life Insurance and the borrower was Luzzatto Real Estate Value Fund I. Brandon Chavoya of HFF's Dallas office arranged the loan.