ADDISON (HFF) – HFF has arranged just over $16 million in equity placement for the development of Tollway Center, a 193,725-sf, Class-A office building.
Set for completion in 2016, the six-story building is currently 33 percent preleased. It is on 6.56 acres along the Dallas North Tollway just south of Belt Line Rd.
HFF worked on behalf of Cawley Partners in securing the joint venture equity through USAA Real Estate Company’s Office Development Program. Total project capitalization is just over $50 million.
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