Texas

DALLAS — Billingsley Co. has refinanced 9111 Cypress Waters Boulevard, a newly built, 223,319-square-foot office building that Billingsley developed in Dallas. Trey Morsbach and Jim Curtin of HFF placed the 15-year loan through Lincoln Financial Group on behalf of the borrower, Billingsley. The building is located within the 1,000-acre Cypress Waters development, which upon completion will feature 8 million square feet of office space, 45,000 square feet of retail space and up to 10,000 multifamily units. 9111 Cypress Waters, which houses 7-Eleven’s North American headquarters, was 94 percent leased at the time of the placement of the loan. Proceeds were used to take out a construction loan.

AUSTIN, TEXAS — HFF has secured approximately $19.9 million in financing for a project to convert 81,711 square feet of warehouse space in Austin into a creative office property. Branded UpCycle, the new office property will be located on Sixth Street in East Austin and will feature conference space, bike storage and a coffee bar. Robert Wooten and Eric Tupler of HFF placed the loan on behalf of the borrower, a joint venture between EverWest Real Estate Investors and WHI Real Estate Partners. An entity affiliated with Marathon Asset Management LP originated the loan, which features a three-year term and a floating interest rate. Proceeds from the loan will be used to complete the conversion by May.