HOUSTON--HFF has arranged $50 million in financing for 3040 Post Oak Boulevard, a 427,486-square-foot, class A core office building in the Lakes on Post Oak complex adjacent to the Galleria in Houston.

HFF worked on behalf of the borrowers, MetLife Real Estate Investors, to secure the 10-year, fixed-rate loan through Northwestern Mutual Life Insurance Co. Additionally, in 2014, HFF marketed and closed the sale of this property, which was purchased by the borrower.

3040 Post Oak Boulevard is located at the intersection of Post Oak Boulevard and Hidalgo Street in Houston's Galleria/Uptown District. The 22-story building is part of the 1.2 million-square-foot Lakes at Post Oak office complex. The building features exterior walls of bronze glass and aluminum and has views of the four-acre lake that weaves through the landscaped complex. The building is a past recipient of “The International Office Building of the Year” award by the Building Owners and Managers Association. The property is approximately 80 percent leased to 25 tenants, including Bechtel Corp., Carriage Services and Wealth Design Group.

Senior managing director Wally Reid, associate director Tyler Ford and real estate analyst Matthew Putterman led the HFF debt placement team.

Last month, HFF closed the sale of neighboring 3000 Post Oak.

Reps with HFF were unable to offer more details by press time.

Instant Insights /

HFF Arranges $50M Loan On 3040 Post Oak

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