Done Deals: HFF Secures $117.65M in Financing for 2.7M SF of Industrial Space in Four States

(Prisma Graphic Corp. headquarters in Phoenix, AZ above is included in the industrial portfolios being financed.)

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $117.65 million in financing for two industrial portfolios totaling approximately 2.7 million square feet in Arizona, California, New Jersey and Washington.

(Prime-Line Products Co. factory at headquarters in Redlands, CA, photo at right above.)

HFF managing director John Rose worked exclusively on behalf of the borrower, ING Clarion Partners, to secure two separate five-year refinancings through Northwestern Mutual.

A $70 million, fixed-rate loan was arranged for the Arizona, New Jersey and Washington portfolio and a $47.65 million, fixed-rate loan was secured for the California portfolio.

The por

tfolios include 11 100% occupied industrial properties. Notable tenants include Payless Shoe Source Distribution Inc., Complete Logistics Company, Inc. and Prime-Line Products Company.

Founded in 1982, ING Clarion and its affiliates manage almost $50 billion in assets in the private equity, public equity and public debt sectors of the real estate markets. The ING Clarion organization has almost 500 associates

located in major markets throughout the United States.

The firm is the U.S. investment management arm of ING Real Estate, a global real estate company active in invest

ment management, development and finance.

With a total business portfolio of almost $160 billion and offices in 21 countries in Europe, the United States, Canada, Asia and Australia, ING Real Estate ranks among the world’s strongest real estate companies.

ING Real Estate is part of ING Group, a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries. More information about the firm is available at http://www.ingclarion.com/.

CONTACTS:

Laurie Fish McDowell
HFF Associate Director, Marketing

One Post Office Square, Suite 3500