FLORHAM PARK, NJ, Feb. 18, 2009 – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured $43 million in financing for Hollymead Town Center (top right photo) in Charlottesville, Virginia; Signal Hill Shopping Center (middle left photo) in Manassas, Virginia; and John’s Creek Center (bottom right photo) in Jacksonville, Florida. Working exclusively on behalf of Columbia Regency Partners II, a joint venture between Regency Centers and the Oregon Public Employees Retirement Fund, HFF managing director Jim Cadranell (bottom left photo) placed the seven-year, fixed-rate loan with New York State Teachers Retirement System.
Loan proceeds were used to pay off short-term acquisition financing placed on the properties in September 2008.
Regency Centers is a publicly-traded national developer, owner and operator of grocery-anchored and community shopping centers.
Individual property details are listed below by
property size, year built, occupancy and key tenants:
Hollymead Town Center , 296,239 SF, 2005, 98%, Harris Teeter, Starbucks, Seminole Trail & Town Center Dr., Charlottseville, VA.
Signal Hill Shopping Center, 95,170 SF, 2005, 96%, Shoppers Food Warehouse
9534 Liberia Avenue Panera Bread, Manassas, VA.
John’s Creek Center, 89,921 SF, 2004, 95%, Publix, 2940 State Route 10, Jacksonville, FL “The successful completion of this financing in a challenging capital market is a testimony to the capabilities and professionalism of both Regency Centers and NYSTRS. It was HFF’s privilege to facilitate this transaction,” said Cadranell.
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, loan sales and commercial loan servicing. http://www.hfflp.com/.
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