Wednesday, October 22, 2014

Summit Office Park Passes to Pennybacker Capital

FORT WORTH (HFF) – The 242,482-sf, two-building Summit Office Park has been purchased by Pennybacker Capital.

Located at 1200 and 1300 Summit Ave., the Class-A properties are 95 percent leased and have 120,396 sf and 122,086 sf, respectively.

HFF represented the seller, Prescott Group, and secured acquisition financing for Pennybaker. ViewPoint Bank provided the seven-year loan.