Tuesday, March 11, 2008

HFF Arranges First Mortgage Financing for USPS Circle City Station in Downtown Indianapolis


INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged first mortgage financing for the United States Postal Service (USPS) Circle City Station Building in downtown Indianapolis, Indiana.


HFF associate director David Ross and managing director Jon Everson worked on behalf of Park Meridian Associates, LLC to secure the 10-year, fixed-rate loan through American Equity Investment Life Insurance Company. The loan will be serviced by HFF. Park Meridian Associates is a multiple-asset entity that has owned the property since 1978.


The USPS Circle City Station is located at 456 North Meridian Street close to University Park in downtown Indianapolis. The property is a 54,000-square-foot three-story building that is fully leased to the USPS and is managed and maintained by Acorn Group, a related entity of the borrower.

Contacts:
Laurie Fish McDowell
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990

fax 617.338.2150

J. David Ross
HFF Associate Director
317 630 3191
Posted by Alex at 12:50 PM
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