Thursday, February 19, 2015

HFF arranges $50 million financing for 10-property industrial portfolio in Pennsylvania


Part of Jacobson Companies' portfolio

Mark Witner
LOS ANGELES, CA – HFF announced today that it has arranged a $50 million financing for a 100-percent-occupied portfolio consisting of 10 properties with 86 buildings totaling 2.12 million square feet in central Pennsylvania.  

HFF worked on behalf of the borrower, Hager Pacific Properties, to secure the 17-year, 4.15-percent, fixed-rate loan through a correspondent life company.  HFF is servicing the loan.

The portfolio is 100 percent leased to Jacobson Companies, a warehousing and distribution company.  

The portfolio properties are in close proximity to major highways and interstates allowing fast transportation to Baltimore, Philadelphia, Washington, D.C., New York City and Boston. 

                The HFF debt placement team representing the borrower was led by managing director Mark Wintner from HFF’s Los Angeles office and managing director Ryan Ade from HFF’s Philadelphia office.

                Hager Pacific Properties (HPP) is guided by a value-added investment philosophy implemented through the acquisition of under-performing, aged or environmentally impacted real estate.  

Its investments become more valuable through repositioning, renovation or reuse of the property. 

The preferred buyer of challenging properties, HPP self-funds its real estate deals without outside capital, creating an efficient experience for brokers and sellers.  HPP owns and manages more than 100 properties throughout the United States, including 2,300 apartment units and 12 million square feet of industrial and commercial property.  The portfolio is valued in excess of $1 billion. 

Learn more at www.hagerpacific.com.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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