Working exclusively on behalf of Lewis Rental Properties, HFF managing director Fred Welker (top right photo) placed two fixed-rate loans with Wells Fargo Commercial Mortgage Originations.
The South Congress Warehouses consist of three fully leased warehouse buildings totaling 118,800 square feet. The properties are located at 1101, 1121 and 1141 Holland Drive in Boca Raton.
The Boca Design Center Phase I includes five warehouse/flex buildings totaling 84,778 square feet with a 269-unit self-storage facility. The warehouse buildings are 100% occupied and the self-storage units are 90% leased.
“South Congress and Boca Design Center Warehouses have enjoyed high occupancies for over a decade. This is attributable to a very experienced leasing and management team at Lewis Rental Properties combined with the excellent locations close to Interstate 95 in Boca Raton,” said Welker.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.