Thursday, March 20, 2014

HFF arranges $65 million financing for Burger King portfolio throughout 6 states

Mark West
DALLAS, TX – HFF announced today that it has arranged $65 million in financing for a 99-property Burger King portfolio located throughout six states.

                HFF worked exclusively on behalf of the borrowers, affiliates of Jaylor Services, Inc., to secure a 10-year, fixed-rate, non-recourse loan through Ladder Capital. 

                Of the 99 Burger King locations, four are located in Florida, nine in Mississippi, 22 in Alabama, 57 in Louisiana, four in Missouri and three in Kansas.  All properties are leased on a long-term basis to an affiliate of Strategic Restaurants, a subsidiary of Cerberus Capital Management, L.P. 

                The HFF team representing the borrower was led by senior managing director Mark West and managing director Brandon Chavoya.

                Jaylor Services, Inc. (“Jaylor”) is a management company that oversees the operations of an affiliated group of real estate companies with a portfolio of 133 single-tenant restaurant properties leased on a long-term, absolute-net basis.

Brandon Chavoya
 Jaylor’s principals previously managed the operations of a large, multi-unit Burger King and Chili’s franchisee with more than 300 operating units, and have experience with other real estate properties including retail, residential, office, industrial and hotel.

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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 |

HSA PrimeCare Completes Sale of 23,000 SF Indianapolis Medical Office Building to Multi-Specialty Surgery Center

North Meridian Medical Center, 1061 North Meridian Street, Indianapolis, IN

CHICAGO, IL (March 20, 2014) — HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today that the firm has completed the sale of the North Meridian Medical Center at 10601 North Meridian Street in Indianapolis, Ind.

Robert Titzer
The 23,000-square-foot facility, located at the intersection of 106th Street and Meridian Street at the gateway of the North Meridian Medical Corridor, was purchased by Carmel Medical Office Building LLC, an affiliate of Multi-Specialty Surgery Center. The surgery center affiliate is a tenant of the building seeking to expand its current practice.

Built in 1981 and remodeled in 1993, North Meridian Medical Center is a two-story, off-campus medical office building located approximately twelve miles north of Indianapolis’ central business district.

The property is less than one mile south of the 170-bed Indiana University Health North Hospital. The North Meridian Medical Center is also adjacent to the St. Vincent’s Heart Center of Indiana and is less than three miles north of the 776-bed St. Vincent Indianapolis Hospital, which is St. Vincent Health’s flagship facility.

 Robert Titzer, executive vice president with HSA PrimeCare, represented the seller in the transaction.

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

Mark Thomton,, 312-267-4523

Lincoln Property Company Marketing Suburban Atlanta Data Center for Sale

1001 Windward Concourse, Alpharetta, GA

Tony Bartlett

ATLANTA, GA,  March 20, 2014 – On behalf of an institutional owner, Lincoln Property Company Southeast (Lincoln) is marketing for sale a 190,000-square-foot data center in suburban Atlanta.

Located at 1001 Windward Concourse in Alpharetta, in the North Fulton submarket of metro Atlanta, the state-of-the-art, facility is subject to a long-term, credit-tenant lease that runs through 2020.

The facility was built in 1986 for Contel Corp. and sits on a 20.5-acre site that allows for future expansion. It was purchased by its current owner in 1992, and the building has been substantially upgraded since that time. 

The property consists of 45,000 square feet of office space, 115,000 square feet of data center space and 30,000 square feet of support space.

North Fulton is home to one of the highest concentration of corporate data center facilities in the Southeast, and the market’s educated labor force, fiber optic networks and abundant power supply have made this area a mecca for data centers.

“In addition to being great real estate, this facility sits in the hub for data centers in the Southeast and in metro Atlanta. 

"We anticipate the technical attributes of the property combined with the high-credit tenancy will attract a tremendous amount of investor interest,” said Tony Bartlett, senior vice president of Lincoln who oversees the firm’s Atlanta office.

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

Stephen Ursery
The Wilbert Group