FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $2.4 million in financing for 6717 Alabama Highway 157, (photo at left below) an industrial property in suburban Birmingham, Alabama.HFF senior managing director Jon Mikula (top right photo) and associate director Michael Klein (photo at right below) work
ed exclusively on behalf of The Hampshire Companies to secure the 10-year loan through Webster Bank.6717 Alabama Highway 157 is located in Cullman, approximately 50 miles north of Birmingham via Interstate 65. The borrower acquired the property in June 2007 as a sale/leaseback from Axsys Technologies, a designer and manufacturer of precision
optical and motion control solutions for the aerospace and defense industries and for high-performance commercial markets. Axsys is leasing the property back under a 15-year triple net lease.The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey with a portfolio of more than 17 million square feet of commercial space and assets valued at m
ore than $1.5 billion.Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com/.
CONTACTS:
Jon Mikula
HFF Senior Managing Director
973 549 2000
Laurie Fish McDowell
HFF Associate Director, Marketing
HFF Associate Director, Marketing
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
tel 617.338.0990
fax 617.338.2150
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