Velocis Purchases Dallas’ Premier McKinney Place

  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

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

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

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 or follow HFF on Twitter at

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


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Leigh Goodall Mundinger, 214-373-1601
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