Monday, February 3, 2014

HFF arranges $41.41 million financing for five-building office and industrial portfolio in three states

Northmont Distribution Center, Duluth, GA

ATLANTA, GA – HFF announced today that it has arranged $41.41 million in financing for a five-building office and industrial portfolio totaling approximately 700,000 square feet located in Texas, Georgia and Florida.

Riverpark Distribution Center, Fort Worth, TX

HFF worked exclusively on behalf of the sponsor, FRAPAG America, Inc., to secure the10-year, fixed-rate loan through The Royal Bank of Scotland (RBS).  Proceeds were used to refinance maturing debt on the properties.

Individual property details are listed below:

                                                                                                                                                                Size                           Year Built          % Leased  

Riverpark Distribution Center                                300,566 SF              2004                     100%
 15000 Grand River Road
Fort Worth, Texas

Northmont Distribution Center                             236,070 SF              2006/2007              100%
2205 Northmont Pkwy./2115 Evergreen Blvd.
Atlanta (Duluth), Georgia

Waterview Office Buildings                                    162,721 SF              2002/2007              92%
10748 & 10752 Deerwood Park Blvd.
Jacksonville, Florida                                               

Waterview Office Buildings, Jacksonville, FL
The HFF team representing the borrower was led by senior managing director Mark Sixour and associate director Bill Ireland.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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