Monday, January 18, 2010

$65 million refinancing completed for downtown office tower

Mortgage banking firm Holliday Fenoglio Fowler L.P. said Monday that it has completed a $65 million refinancing for 1700 Pacific office tower in downtown Dallas.

The 49-story skyscraper is owned by Berkeley Investments.

Holliday Fenoglio Fowler negotiated a five-year, fixed-rate loan with ING Investment Management.

The 1.3 million square-foot office tower is leased to tenants including Akin Gump Strauss Hauer and Penson Worldwide.

Berkeley Investments is owned by Jon Hamilton and the Hamilton family.