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

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PwC-Tower-at-Park-District

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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