Search Results: hff
HFF Arranges $97M Refi for Industrial Portfolio
The Dallas office of Holliday Fenoglio Fowler L.P. has secured $97.5 million in refinancing for a seven-property industrial portfolio comprising 2.2 million square feet in Florida, New Jersey, Oregon and Texas. The cluster of properties includes: Madison industrial Park Building A in Tampa, Fla.; 34 Englehard in Monroe, N.J.; 888 Doremus in Newark, N.J.; Columbia Corporate Park Buildings 1 & 2 in Portland, Ore.; 2755 Regent Blvd. in Dallas; Stafford Distribution Buildings 1-3 in Stafford, Texas; and Port 225 A, B and C in Pasadena, Texas. The portfolio is 93 percent occupied overall. HFF managing director John Rose worked exclusively…
HFF Arranges $36M Financing for Washington, D.C., Office Building
The Washington, D.C., office of Holliday Fenoglio Fowler L.P. has announced that it arranged $36 million in financing for 1401 K St., a 124,700-square-foot Class A office building in Washington, D.C. HFF senior managing directors Bill Asbill and Bob Donhauser and director Cary Abod worked exclusively on behalf of Guardian Realty Investors L.L.C. to arrange the five-year, fixed-rate financing through AIG Investments. The loan proceeds were used to acquire the property and establish reserves for future tenant improvements, leasing commissions and capital expenditures. HFF will service the loan.Located in the K Street corridor of Washington, D.C., on Franklin Square, 1401…
HFF Secures $172M M-F Development Loan
Holliday Fenoglio Fowler L.P. has arranged for $172.5 million in financing for the development of three multi-family properties. The construction/mini-permanent loan is for three properties that are scheduled to consist of over 1,100 units in Maryland, 15 miles from Washington, D.C. The properties involved in the transaction are the 451-unit Westchester at Contee Crossing in Laurel, 192-unit Westchester Rockville Station in Rockville and 491-unit Westchester at the Pavilion in Waldorf. The loans were arranged by HHF on behalf of Archstone. Archstone will borrow the funds on a 60-month loan from TIAA-CREF, a financial services company. HFF director Cary Abod of…
HFF Arranges $90M Loan for New Archstone M-F Project in Boston
Development of Archstone Avenir, a 241-unit luxury apartment community in Downtown Boston, is moving forward with help from a $90 million construction loan arranged by the Boston and Dallas offices of Holliday Fenoglio Fowler L.P. The 36-month construction loan was secured through NEBF Investments (National Electrical Benefit Fund), a Washington, D.C.-based union pension fund advisor and real estate investment program. John Ahmed, an HFF associate director from the Dallas office who helped arrange the financing, said HFF has worked with NEBF in the past. The fund, created by the International Brotherhood of Electrical Workers and National Electrical Contractors Association, has…
HFF Arranges $74M Loan for CONSOL Energy HQ
Developer Horizon Properties has received a $74 million forward permanent loan for the just-completed two-building, 384,000-square-foot corporate headquarters for CONSOL Energy Inc. in Canonsburg, Pa., a Pittsburgh suburb.The 10-year, fixed-rate financing was arranged by the Pittsburgh office of Holliday Fenoglio Fowler L.P. through Nationwide Life Insurance Co. Mark Popovich, managing director of HFF’s Pittsburgh office, told CPN that Nationwide committed to the loan around the time construction on the buildings began, in December 2006, and held to the agreed-on terms despite the gyrations in the credit markets since then. CONSOL is leasing both buildings, a three-story, 75,000-square-foot facility and a…
HFF Arranges $56M Funding for $80M SFO Logistics Center Buy, Development
Centrum Properties Inc. and Angelo, Gordon & Co. have secured $56.3 million in financing to acquire and reposition the SFO Logistics Center, a 572,000-square-foot warehouse-distribution center and adjacent 5.2-acre land parcel in south San Francisco that had been owned by the federal government for decades. An HFF executive who arranged the financing told CPN today the entire deal is worth $80 million.Peter Smyslowski, managing d irector in the San Francisco office of Holliday Fenoglio Fowler, L.P., said the 25-acre property near the San Francisco International Airport had been owned by the GSA and used as a government services distribution center…
HFF Closes Self-Storage, Office Sales in Texas
Holliday Fenoglio Fowler L.P. has closed two substantial deals with Texas roots, it has reported. Its Houston-based self storage group completed the sale of a 21-property self storage portfolio with facilities in Florida, Texas, Colorado, Kentucky and Ohio. And its Dallas office announced that it had finalized the sale of the Pyramids at Park Lane in that city. HFF represented the seller, Hendry Investments, a San Antonio, Texas, company with storage facilities operating under the Lock-N-Key brand, which sold the properties to Sovran HHF Storage Holdings L.L.C., a joint venture between self storage real estate investment trust Sovran Self Storage…
HFF Handles Over $200M in Florida Deals for Flagler
Flagler Development Group of Coral Gables, Fla., has made more than $200 million in office and industrial space acquisitions recently, including the purchase of two Orlando office properties for a total of $92.5 million. The Miami office of Holliday Fenoglio Fowler, L.P. announced that it had represented Flagler in the acquisition of Reserve at Maitland, three buildings which sold for $39.56 million, and Maitland Promenade, a five-story , Class A office building with about 230,000 square feet which sold for $52.94 million. Reserve at Maitland is located at 30, 65 and 70 South Keller Road and has a total of…
HFF to Market Pair of Houston Properties
The Houston office of Holliday Fenoglio Fowler L.P. has been named to market One BriarLake Plaza, a Class A office tower in West Houston and Post Oak Central, a 1.3-million-square-foot office and retail complex in Houston’s Galleria area. Both properties are being sold by Crescent Real Estate Equities L.P., an affiliate of Morgan Stanley Real Estate. Both are being offered without a formal asking price. HFF declined to discuss pricing with CPN. Completed in 2000, One BriarLake Plaza includes a 502,400-square-foot, 20-story tower and a connected 2,068-space parking garage. The 94.7 percent-leased property is located on a 9.4-acre site along…
HFF Arranges $74M for Renovation of Salt Lake City Mall
The renovations at Trolley Square in Salt Lake City, an upscale lifestyle center and tourist attraction, will continue with a $74 million loan arranged by Holliday Fenoglio Fowler L.P.HFF senior managing director Lloyd Minten, working with center owner ScanlanKemperBard Cos., placed the loan with Bank of America as administrative agent, in syndication with Wachovia, according to a release from HFF. The financing recapitalizes an adjustable rate loan that was arranged by HFF when SKB bought the site from Simon Property Group in August 2006 for $38.6 million.“HFF was able to secure attractive financing that provided flexibility for the borrower to…