HFF closes sale of 160,000-SF industrial/flex portfolio in Plano, TX

DALLAS, TX, June 9, 2009 – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Research Center,(top left photo) a 160,000-square-foot industrial/flex portfolio in Plano, Texas.

HFF director Jud Clements (bottom right photo) and associate director Robby Rieke led the investment sales team exclusively on behalf of the seller, Bank of America.

The portfolio was purchased for an undisclosed amount free and clear of debt by a Dallas-based private investor, who was represented by Mark V Commercial.

Research Center is situated close to the intersection of the North Central Expressway and the George Bush Turnpike in the northern Dallas suburb of Plano.

The five-property portfolio was completed in 2001 and is leased to tenants including Terminex, NexRev and Eagle Test System. Individual property details are listed below:

601 Development Drive, 45,422 square feet, 3.32 Acres, 29 Percent
608 Development Drive, 23,334 square feet, 2.38 Acres, 70 Percent
600 Development Drive, 23,334 square feet, 2.38 Acres, 100 Percent
2700 Research Drive, 29,688 square feet, 3.05 Acres, 34 Percent
2600 Research Drive 38,200 square feet 4.0 Acres 100 Percent

HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

Jud Clements, HFF Director, (214) 265-0880, jclements@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing(713) 852-3500 krmurphy@hfflp.com