 |
| University Plaza, Winter Park, FL |
HFF
worked exclusively on behalf of the borrower, North American Development Group
(NADG), to secure the 15-year, fixed-rate loan through Prudential Mortgage Capital
Company.
 |
| Paul Stasaitis |
University Plaza is located at 4000 North Goldenrod Road at the
intersection of University Boulevard in Winter Park, which is approximately 10
miles northeast of downtown Orlando.
Redeveloped in 2011, the 95 percent leased property is anchored by
Publix.
 |
| Chris Drew |
HFF
director Chris Drew, senior managing directors Paul Stasaitis and
Danny Finkle, and senior real estate analyst Jose Carrazana led
the HFF team representing NADG.
“NADG
is a sophisticated borrower that is taking advantage of historically low
interest rates to lock in highly accretive long-term, fixed-rate financing for
a core asset in their portfolio,” said Drew.
“We
continue to see incredible demand from top-tier life insurance companies for
fixed-rate loans on grocery-anchored retail throughout the state,” continued
Drew.
 |
| Daniel Finkle |
HFF’s
debt placement team has secured more than $3.9 billion in financing for retail
assets nationally in 2012. HFF closed
more than $680 million in retail transactions across all capital markets
platforms in the state of Florida during 2012.
For a complete copy of the company’s news release, please
contact:
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 | www.hfflp.com
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