Velocis Purchases Dallas’ Premier McKinney Place The Fund acquires Class A office space in heart of booming Uptown neighborhood Business Wire DALLAS -- May 28, 2013 Velocis, a commercial real estate investment fund, and its investors have purchased 3131 McKinney Avenue, 145,610 square feet of Class A office space in the heart of Dallas’ Uptown neighborhood. Offering tenants a highly sought after McKinney Avenue address, this institutional-quality asset is the Fund’s ninth portfolio purchase, bringing the total assets under management to more than $240 million. “McKinney Place is ideally located in one of the most desirable submarkets in Dallas and offers tenants walkability to an unparalleled amenity base along one of the most coveted streets,” said Mike Lewis, Velocis principal and co-founder. “To further improve on what the building offers tenants, we are planning exciting new additions to enhance the live, work and play experience. Adding this asset to our growing Velocis portfolio offers an excellent opportunity for our investors." The 13-story building is currently more than 90 percent occupied. The property is surrounded by restaurants, upscale residential neighborhoods and some of the city’s best hotels. Tenants have immediate access to West Village, the McKinney Avenue Trolley line and can walk or bike to Dallas’ popular Katy Trail. Situated on a six-story parking garage, tenants are afforded views of the surrounding area from all floors. HFF represented the seller, a state pension fund advised by Lincoln Property Company in the transaction. Lincoln Property Company will manage the asset and James Esquivel, Jay Bailey and Clint Coe with Jones Lang LaSalle will handle property leasing. “This building offers an ideal location for tenants to work in the heart of Dallas’ booming Uptown market,” said James Esquivel, Executive Vice President, Jones Lang LaSalle.“Our team is looking forward to continuing the leasing momentum.” In addition to McKinney Place, Velocis owns seven assets in Texas and one in Colorado. The portfolio includes two office buildings in Houston; a medical office building in Austin; two shopping centers in Austin; a medical office building in Fort Worth; a shopping center in Fort Worth; and an office building in Denver. The Fund’s most recent acquisitions were two shopping centers in Austin: West Woods Shopping Center and Springdale Shopping Center. Together the centers have more than 350,000 square feet of retail space. The Fund owns an additional Austin property -- The Jefferson, a 97,552-square-foot medical office building. The Fund’s Houston properties include two office buildings -- 7700 San Felipe, a 100,716-square-foot office building; and Echo Lane, a pair of niche trophy office properties comprising nearly 190,000 square feet of Class A office space. Velocis owns two assets in Fort Worth -- the iconic shopping center, Ridglea Village and Magnolia Medical Tower, an 89,727-square-foot medical office building located in the heart of the Fort Worth Medical District. The Fund owns a 76,084 square-foot traditional office building, in the Greenwood Village sub-market of Denver. Launched in 2010, Velocis is led by co-founders and principals Fred Hamm, Mike Lewis, Steve Lipscomb and Jim Yoder. In addition to its core-plus fund, Velocis offers advisory services to better serve both investors and real estate clients. About Velocis Partners, LLC Velocis is made up of two entities: Velocis Fund and Velocis Advisors. Velocis Fund is a commercial real estate investment fund, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Velocis Advisors provides asset management and advisory services to third-party owners. Additional information about Velocis Partners can be found at http://velocis.com/. About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com. About HFF HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff. About Lincoln Property Company Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, is a privately-owned real estate firm involved in real estate investment, advisory, development, property management and leasing worldwide. Lincoln has offices in all major markets of the U.S. and throughout Europe. Lincoln's cumulative development efforts have produced more than 100 million square feet of commercial space and more than 185,000 multifamily residential units. Lincoln Property Company is one of the largest commercial real estate companies in the world. Contact: Sunwest Communications Leigh Goodall Mundinger, 214-373-1601 firstname.lastname@example.org
Velocis Purchases Dallas’ Premier McKinney Place
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