HFF arranges $97.5M refinancing for seven-property nationwide industrial portfolio

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $97.5 million refinancing for a seven-property industrial portfolio in Florida, New Jersey, Oregon and Texas.

HFF managing director John Rose worked exclusively on behalf of the borrower, ING Clarion Partners to secure the five-year fixed-rate refinancing through a life insurance company.

The portfolio totals 2.2 million square feet and is 93% occupied overall. Properties include: Madison Industrial Park Building A (top left photo) in Tampa, Florida; 34 Englehard (bottom right photo) in Monroe, New Jersey; 888 Doremus in Newark, New Jersey; Columbia Corporate Park Buildings 1 & 2 in Portland, Oregon; 2755 Regent Boulevard in Dallas, Texas; Stafford Distribution Buildings 1 – 3 in Stafford, Texas; and Port 225 A, B and C in Pasadena, Texas.

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 U.S.

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

With a total business portfolio of more than $175 billion and offices in 22 countries in Europe, the Americas, 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:

John W. Rose, HFF Managing Director, 214 265 0880, jrose@hfflp.com

Laurie Fish McDowell, HFF Associate Director, 617 338 0990, lmcdowell@hfflp.com

Sale of Class A trophy office tower in West Houston closed by HFF

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of One BriarLake Plaza, (top left photo) a trophy Class A office tower in west Houston.

HFF senior managing directors Jeff Hollinden, (middle left photo) Robert Williamson (top right photo) and Glenn Whitmore, (middle left photo) associate director Barbara Guffey and executive managing director Scott Galloway led the investment sales team on behalf of the seller, Crescent One BriarLake Plaza, L.P.

Behringer Harvard purchased the property for an undisclosed amount.

Completed in 2000, One BriarLake Plaza is a 502,410-square-foot, 20-story tower with an attached 2,068-space structured parking garage.

The 94% leased property is located on a 9.4-acre site along the West Sam Houston Parkway in Houston’s Westchase submarket.

Crescent Real Estate Equities Limited Partnership is headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 38 premier office buildings totaling 18 million square feet located in select markets across the U.S. with major concentrations in Dallas, Houston, Denver, Miami and Las Vegas.

Crescent also holds investments in resort residential developments in locations such as Scottsdale, Arizona, Vail Valley, Colorado, and Lake Tahoe, California and in the wellness lifestyle leader, Canyon Ranch®.

For more information, visit Crescent's web site at www.crescent.com.

Behringer Harvard is a Dallas-based commercial real estate company investing in assets domestically and internationally.

The company creates and manages strategic real estate fund opportunities across a wide spectrum of investment styles for retail investors, as well as domestic and international institutions, through its real estate investment trusts, partnerships, joint ventures and proprietary program structures.

For more information, visit www.behringerharvard.com.

CONTACTS:

Jeffrey A. Hollinden, HFF Senior Managing Director, 713 852 3500, jhollinden@hfflp.com

Robert E. Williamson, HFF Senior Managing Director, 713 852 3500, rwilliamson@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

HFF arranges $3.4M joint venture equity for to-be-built Houston industrial facility

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $3.4 million in joint venture equity for a to-be-built industrial facility at Satsuma Station Industrial Park (bottom left photo) in Houston, Texas.

HFF associate director Cameron Cureton (top right photo) worked exclusively on behalf of the client, PinPoint Commercial to assemble the joint venture equity with Phoenix Capital Partners, a Dallas-based private equity provider.

PinPoint Commercial is a Houston-based full-service national real estate development firm focused on industrial, medical, retail and land assets nationwide.

Scheduled for completion in the summer of 2009, Satsuma Station will be a 315,120-square-foot, Class A, Silver LEED distribution industrial facility.

The single-story property will also include 40,000 square feet of building office space and approximately five acres of stabilized outside storage.

Situated on nearly 20 acres within the 115-acre Satsuma Industrial Park, the property is close to the intersection of U.S. Highway 290 and Texas State Highway 6 in northwest Houston.

CONTACTS:
Cameron Cureton, HFF Associate Director, 713 852 3500, ccureton@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowel@hfflp.com