Search Results: hff

The Dallas office of Holliday Fenoglio Fowler L.P. has secured a $50.78 million loan through Freddie Mac for the owners of two Alabama multi-family properties with a total of 792 units. HFF director Brian Carlton arranged the 10-year, fixed-rate loan on behalf of the borrower, The Greens at Tuscaloosa, a limited partnership, and Lindsey Management Co. Proceeds were used to retire construction financing for The Links at Tuscaloosa, a 408-unit community, and The Greens at Tuscaloosa, a 384-unit development. The properties, located at 1800 Links Boulevard in Tuscaloosa, Ala., were completed in 2007 and are about 97 percent leased. Despite…

Grubb & Ellis Realty Investors L.L.C. has purchased Oak Park Office Center III, a 151,000-square-foot office building in Houston’s Westchase submarket, in a $34 million deal with Realty Associates Oak Park III L.P.The property with an approximately 151,000 square feet, is located within Oak Park at Westchase, a 225-acre master-planned office park.  Situated on more than 11 acres, the building is adjacent Sam Houston Parkway.  The building features a two-story atrium complete with marble walls, wood accents, and both cove and pendant lighting.  Additionally, it has open floor plans, card key access, two electric vehicle fueling stations and security cameras…

The Dallas and San Diego offices of Holliday Fenoglio Fowler L.P. has announced that they secured a $20 million bridge loan for the recapitalization of 1,000 acres in the Dallas Logistics Hub. The hub is a 6,000-acre, master-planned development.Working on behalf of the Allen Group, HFF associate director John Ahmed and senior managing director Tim Wright placed the 36-month, adjustable-rate loan with American Bank of Texas. The land assemblage is located within the DLH, adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a proposed BNSF intermodal facility. DLH, which spans the communities of Dallas, Lancaster, Wilmer and Hutchins, is master-planned…

The New York office of Holliday Fenoglio Fowler L.P. has secured a $25 million mortgage on behalf of an affiliate of Grosvenor Investment Management for Rockaway 80, a 260,000-square-foot, Class A office building in Rockaway, N.J.HFF director Steven Klein and senior managing director Michael Tepedino represented the borrower in arranging the floating-rate loan through MassMutual. GIM is the North American fund management subsidiary of the London-based Grosvenor Group Ltd. Rockaway 80 has seven stories of office space plus a two-level, 883-space parking structure. Originally completed in 1991 and renovated in 2006, the property features a reflective glass facade with granite…

Sydney-based Lend Lease Corp., a multi-national real estate investor and manager, has engaged Holliday Fenoglio Fowler L.P. to sell its 50 percent interest in the 2.6 million-square-foot King of Prussia Mall, in metro Philadelphia. John Pelusi, HFF’s executive managing director, along with Glenn Whitmore and Chris Turner, senior managing directors, will lead the sales team. Pelusi noted in a prepared statement that both the rollover of leases with below-market rents and the redevelopment of the former Strawbridge’s department store represent opportunities to continue to grow the mall’s revenue. Though Minnesota’s Mall of America is larger in total square feet, the…

Conifer Crossing, a 420-unit multi-family property in Norcross, Ga., has traded hands for $31.75 million. The buyer was San Francisco-based Fowler Property Acquisitions; the seller, Denver-based Simpson Housing L.L.L.P. Located on about 54 acres on Holcomb Bridge Road, Conifer Crossing is about 17 miles northeast of Atlanta’s CBD, and is currently 98 percent occupied. In the vicinity of the property is about 10 million square feet of office space, including Technology Park/Atlanta, a 3.8-million-square-foot business park primarily occupied by technology-related tenants. The property includes one-, two- and three-bedroom units averaging 1,233 square feet each. Amenities include a clubhouse, pool, fitness…