Friday, October 7, 2016

HFF arranges $62 million financing for 7-property retail portfolio in the Carolinas, Georgia and Mississippi

One of seven retail centers financed in North and South Carolina, Georgia and Mississippi

Kevin Mackenzie
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North and South Carolina, Georgia and Mississippi.

HFF worked on behalf of the borrower-sponsor, Cole Credit Property Trust IV, Inc. (CCPT IV), to place the seven-year, fixed-rate loan with Voya Investment Management.  HFF will service the loan.

Of the seven properties in the portfolio, three are in South Carolina near Charleston and Greenville-Spartanburg:  Walmart Neighborhood Market at 10635 Dorchester Road in Summerville (Charleston), Poplar Springs Plaza at 2153 East Main Street in Duncan (Greenville-Spartanburg) and Tire Kingdom & Starbucks at 1820 North Highway 17 in Mount Pleasant (Charleston MSA).

 The portfolio also includes two Georgia properties, Albany Square at 2707 Dawson Road in Albany and East-West Commons at 1757 East-West Connector in Austell (Atlanta); Morganton Heights at 400 Henredon Road in Morganton, North Carolina, and The Ridge at Turtle Creek in Hattiesburg, Mississippi.

 All properties in the portfolio are anchored by national retailers, including Walmart Neighborhood Market, Publix, Academy Sports, Belt, Dick’s, T.J. Maxx, Ross Dress for Less, Hobby Lobby and Bealls. 

Greg Brown
The HFF debt placement team representing the borrower consisted of senior managing director Kevin Mackenzie, director Greg Brown and associate director Cory Fowler.

“Using our marketing process and the strength of the sponsorship coupled with the cross collateralization of the portfolio, we were able to provide the client with multiple balance sheet lender options and, ultimately, were able to close with an excellent lender in Voya within the client’s desired timeframe,” Brown said.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

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