DALLAS–HFF has closed the sale of and arranged acquisition financing for a three-building office portfolio totaling 465,703 square feet in North Dallas.

HFF marketed the property on behalf of the seller, Birmingham, Ala.-based Harbert Management Corp. New York City-based DRA Advisors LLC purchased the asset for an undisclosed amount free and clear of debt. HFF assisted DRA in securing three separate three-year, floating-rate loans through OneWest Bank.

The portfolio consists of 5000 Quorum Drive in Dallas, and Quorum Place and Quorum North in Addison. Situated on 4.5 acres between the Dallas North Tollway and Inwood Road, the 165,434-square-foot 5000 Quorum has seven stories and is 77.2 percent leased. At nine stories and 181,737 square feet, Quorum Place is the largest of the three in the portfolio. The 78.2-percent-leased building is situated on 5.4 acres at 14901 Quorum Drive, north of the 5000 Quorum Drive property. Quorum North, located at 13201 Spectrum Drive, is situated on 2.8 acres northeast of the other two properties in the portfolio. At 118,532 square feet, the five-story, 75.7-percent-leased office building is the smallest in the portfolio.

Managing directors Colby Mueck, Matt Kafka and Steve Heldenfels, and real estate analyst Sarah Baccich led HFF's debt placement team.

Reps with HFF could not offer more details about the transaction by press time.