HFF ARRANGES FINANCING FOR HIGH-RISE IN DOWNTOWN HOUSTON

HOUSTON – HFF has arranged financing for the development of Market Square Tower, a 40-story, mixed-use tower that will include 463 residential units and 21,000 square feet of retail in downtown Houston. HFF worked on behalf of the borrower, Woodbranch Investments, to secure the loan through Pacific Life Insurance Co. Market Square Tower will be located on 1.4 acres at 777 Preston, comprising a full city block bounded by Milam, Preston, Louisiana and Congress. The project is due for completion in fall 2017, with residences ranging from 550 to 1,950 square feet. Amenities will include two pools, a virtual golf simulator, indoor basketball court, screening room and banquet room. HFF’s debt placement team included Travis Anderson, Matt Kafka and Cory Fowler.