DALLAS—It's been a busy few days in Dallas-area HFF transactions: The company has closed the sale of and arranged financing for 3811 Turtle Creek, a 296,000-square-foot, class AA office tower in Uptown area, and in Fort Worth, it has closed the sale of a 310,000-square-foot class A distribution center.

At the Uptown property, HFF marketed it on behalf of the seller, MetLife Real Estate Investors. KBS Capital Advisors purchased the property for an undisclosed amount last month. HFF's debt placement team also secured a seven-year, 3.55 percent, fixed-rate acquisition financing on behalf of the new owner through a life insurance company. 

The asset is situated on a 5.03-acre site at the intersection of Turtle Creek Boulevard and Blackburn Street, adjacent to the Turtle Creek Village mixed-use development currently under construction. The location is within blocks of West Village and the Katy Trail, and is close to Highland Park. The 21-story, recently renovated property features a fitness center and an adjacent 899-space garage. Tenants at the 81-percent leased center include Eagle Materials Inc., Prosperity Bank, Estes Okon Thorne & Carr and Gables Residential.

HFF exclusively marketed the Fort Worth property, which is 100 percent leased to Pier 1 Imports and is situated on 14.26 acres at 14900 Trinity Blvd. within the Campus @ CenterPort, on behalf of the seller, IDI Gazeley. IDI Gazeley is part of Brookfield Logistics Properties under the Brookfield umbrella. Industrial Property Trust purchased the center for an undisclosed amount free and clear of existing debt.

Completed in 1994, the center features 30-foot clear height, ESFR sprinkler system, 3.5-percent office finish, T5 lighting with motion sensors, 29 dock-high doors and one oversize ramp door. Additionally, the asset has a cross-dock configuration with four points of ingress/egress off Trinity Boulevard and Frye Road.

Senior managing director Randy Baird, managing director Jud Clements, director Robby Rieke and real estate analyst Sean Ryan led the HFF investment sales team in the transaction.

Reps for HFF were unable to offer further details about the transactions.