Monday, April 16, 2018

HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, TX

Lonza Viral Therapy Facility, Pearland, TX

HOUSTON, TX –– HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas.

Jeff Hollinden
The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG).  Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas.   

Completed in the fourth quarter 2017, the Lonza Viral Therapy Facility is fully-leased on a long-term, triple net basis to Lonza America, Inc., a wholly owned subsidiary of Lonza Group AG, a leading Swiss biotechnology and pharmaceutical company. 

The property is touted as the world’s largest cell and gene therapy facility housing office space, a process development unit, quality control laboratories, a fully segregated fill/finish suite and independent modular cleanrooms designed to manufacture cell therapy products. 

The facility is situated on 11.01 acres at 14905 Kirby Drive in Pearland’s rapidly growing Lower Kirby Urban District.  The Lower Kirby Urban District is a 1,200-acre site that seeks to become a primary life science destination building upon its location at the intersection of Beltway 8 and State Highway 288, just eight miles south of the Texas Medical Center, the largest medical district in the world.
Cameron Cureton

HFF’s investment advisory and debt placement teams included senior managing director Jeff Hollinden and senior director Cameron Cureton.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

 For more information, please contact:

HFF Director, Public Relations
(617) 338-0990

HFF announces $23.51M sale of Preston Ridge I in Alpharetta, GA

Preston Ridge 1, Alpharetta, GA


ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $23.51 million sale of Preston Ridge I, a 148,355-square-foot, Class A suburban office building in the Atlanta-area community of Alpharetta, Georgia.

The HFF team marketed the property on behalf of the seller, Barings Real Estate, part of Barings LLC, on behalf of an institutional investor, and procured the buyer, The Simpson Organization. 

Pam Bonham
“Investors are attracted to the strong recovery occurring in the Alpharetta office submarket,” said Pam Boneham, Regional Director-Central Region, Barings.  “HFF produced an attractive list of potential buyers while achieving robust pricing for this asset, which was one of the final properties being sold in a closed end fund.”

Preston Ridge I is located at 3655 North Point Parkway in Atlanta’s North Fulton submarket.  This location is just east of Georgia 400 and within a mile of Avalon, a mixed-use development providing an abundant amenity base, including retail, restaurants and a movie theater.  

Ralph Smalley
The six-story building was developed in 1997 and features 25,000-square-foot floorplates, a circular entrance lobby and parking for more than 590 vehicles. 

The HFF investment advisory team representing the seller consisted of managing director Ralph Smalley.

 For more information, please contact:

HFF Director, Public Relations
(617) 338-0990