Wednesday, November 28, 2012

HFF arranges $35 million financing for four-property Lowe’s portfolio in the Southeast

Kevin MacKenzie
 ATLANTA, GA – HFF announced today that it has arranged $35 million in acquisition financing for a portfolio of four Lowe’s stores totaling 523,735 square feet in the southeast.

                HFF worked on behalf of the borrower, IRA Capital LLC to secure two five-year, 4.3 percent fixed-rate loans through Cantor Commercial Real Estate (CCRE).  HFF will also service the loans.

                The portfolio is comprised of Lowe’s stores located in the southeast region of the United States.  All were built between 1997 and 1999 and are fully leased to Lowe’s.

John Chun
The HFF team representing IRA Capital LLC was led by senior managing director Kevin MacKenzie, director John Chun and associate director Bill Ireland.

                IRA Capital LLC is a privately-held real estate investment and management company with a diverse portfolio of commercial property holdings throughout the United States.

Bill Ireland
The firm acquires core, core-plus and value-add real estate for its own account and on behalf of its co-investment partners, which include high net worth individuals, family offices, opportunity funds and institutions.

  The company seeks to first and foremost preserve investor capital, and to provide attractive risk-adjusted returns over a mid-to-long-term hold period.  Over the last 24 months, IRA Capital LLC has acquired more than $225 million in commercial real estate and is projected to close on an additional $100 million by year end.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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