Barings provides loan to refinance 504,750 SF office buildings in Dallas




The PwC Tower in the Park District in Uptown Dallas is 504,750 square feet. The property was built in 2018.

DALLAS – Barings Real Estate has provided a loan to refinance the PwC Tower in the Park District, a 504,750 square foot office building in a residential area of ​​Dallas. The loan amount was not disclosed, but Dallas Morning News reports that it was $ 225 million. The building was completed in 2018 and consists of 20 floors of office space above a four-story garage. The hotel has three restaurants, a tenant lobby, a conference center and a 7,000 square foot health club. Jim Curtin of JLL arranged a 10-year fixed rate loan on behalf of the borrower, MetLife Investment Management. PwC Tower in the Park District, which bears the name of its anchor tenant, PricewaterhouseCoopers, was approximately 93% leased at the time of loan closing.


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