Thursday, May 2, 2019

HFF arranges $30 million refinancing for Corporate Parkway North in Phoenix, AZ

Zack Holderman

 SAN DIEGO, CA – HFF announces that it has arranged a $30.1 million refinancing for Corporate Parkway North, a 225,523-square-foot, recently renovated, office property in the Deer Valley submarket of Phoenix, Arizona.

HFF worked on behalf of the borrower, Second City Real Estate, to secure the refinance. 

Corporate Parkway North is situated on 18.99 acres at 16404 N Black Canyon Highway just west of Interstate 17 in the Deer Valley submarket of Phoenix.  \

Phoenix consistently ranks as one of the top metro areas for population growth and the city has added more than 78,000 jobs over the last 12 months (as of September 2018) driven largely by corporate expansion, access to a talented workforce and a high quality of life. 

Olga Walsh

Renovated in 2018, Corporate Parkway North features two stories of office space with average floor plates of 112,761 square feet.

The HFF debt placement team representing the borrower was led by senior director Zack Holderman and senior managing director Jeremy Womack as well as senior associate Olga Walsh.

Jeremy Womack
“The successful refinance of Corporate Parkway North is a testament to the excellent business strategy and professionalism demonstrated by the team at Second City,” Holderman added.  “Their ability to identify assets in select markets, enhance, and stabilize performance has been proven time and again.” 

About Second City Real Estate

Headquartered in Vancouver, BC, Second City Real Estate is a private equity partnership dedicated to sourcing and maximizing value from real estate transactions.

Since 2011, the firm’s related entities have completed over $2.4 billion of property acquisitions across a variety of markets. Second City Real Estate is a value creation leader in the mid-market sector.


CONTACTS:

ZACK HOLDERMAN
HFF Senior Director
(858) 552-7690

JEREMY WOMACK
HFF Senior Managing Director
(602) 648-8700

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

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