JLL Capital Markets announced today that it has arranged a refinancing for PWC Tower at Park District, a 504,750-square-foot, Class A+ office tower in Dallas, Texas.
JLL worked on behalf of the borrower, MetLife Investment Management, to secure the 10-year, fixed-rate loan through Barings Real Estate.
PWC Tower at Park District is located at 2121 N. Pearl St. abutting Klyde Warren Park in Uptown Dallas. The property is part of the larger Park District mixed-use development, which offers 228 luxury apartment units, 20,406 square feet of upscale retail and restaurants, performing arts spaces and urban green space in a walkable, 24/7 environment. Park District has direct access to Interstates 35, 45 and 30, U.S. 75 and Dallas North Tollway providing connectivity to Downtown, the Harwood District, Victory Park and the Arts District as well as the greater Dallas Fort Worth metropolis.
Completed in 2018, PWC Tower at Park District has 20 stories of office space above a four-story sub-grade parking garage. The property has a variety of on-site amenities, including three restaurants, a tenant lounge, conference center, valet parking and 7,000-square-foot health club facility. At 93.3% leased, PWC Tower at Park District is home to a variety of financial, legal and professional services tenants and is anchored by PWC.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Jim Curtin.
Dallas has emerged as one of the top growth markets in the U.S. according to a recent JLL news release. The city continues to attract new residents, companies and investors from both the sales and lending community.
