Sunday, April 24, 2016

HFF secures $74.5 million refinancing for Three-property Class A industrial portfolio in Fort Worth, TX

Alliance Center North within AllianceTexas Development, 15101 North Beach Street,
 Fort Worth, TX

 DALLAS, TX –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $74.5 million refinancing for a three-property, Class A industrial portfolio totaling 1.6 million square feet within the AllianceTexas development in Fort Worth and Roanoke, Texas.

Meggie Lowy
HFF worked on behalf of the borrower, Hillwood, to place the 10-year, fixed-rate loan with a correspondent life insurance company.  HFF is servicing the loan, proceeds of which are refinancing the existing construction loans.

Completed between 2014 and 2015, the portfolio is anchored by Alliance Center North 2, a 1 million-square-foot, 58.7-acre distribution center 100 percent leased to Wal-Mart and located at 15101 N. Beach Street in Fort Worth. 

The two portfolio buildings in Roanoke are Gateway 88, a 333,200-square-foot, build-to-suit facility for Heritage Bag Company located at 501 Gateway Parkway, and Gateway 57, a 210,296-square-foot facility that is home to Momentum Fuel Technologies and located at 1051 Republic Drive. 

All three buildings are within AllianceTexas, an 18,000-acre, mixed-use, master-planned community developed by the borrower with office, industrial, commercial, retail and residential components.

  The portfolio buildings are close to Interstate 35 and BNSF Railway’s Alliance Intermodal Facility in addition to being proximate to Fort Worth Alliance Airport.  Dallas-Fort Worth International Airport is less than 21 miles southeast of the properties.

The HFF team was led by director Cullen Aderhold and senior managing director Trey Morsbach. Hillwood Properties Director of Finance Meggie Lowy managed the transaction for Hillwood.

“We received a strong refinancing package for this portfolio and look forward to expanding the relationship through future opportunities,” Lowy said. “HFF played a valuable role in this transaction, and we appreciate its efforts to provide us with the most competitive quotes in the marketplace.”

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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