PORTLAND, OR – The Portland office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $3.5 million refinancing of The Tharco Building,(top right photo) a 126,388-square-foot distribution/warehouse in Gresham, Oregon.
HFF associate director Tom Wilson and senior managing director Lloyd Minten placed the fully-amortizing, 15-year, fixed-rate non-recourse loan with Delaware Investments. Loan proceeds provided financing for a recent all-cash purchase. The loan will also be serviced by HFF.
“This transaction reflects the availability of life insurance company capital, especially for those commercial real estate assets that are well located in in-fill sites with stable rent rolls and exceptional sponsorship,” said Wilson.
The Tharco Building is located at 17625 Northeast Sandy Boulevard near one of the last major intersections off Interstate 84 with proximity to Interstate 205 and the Portland International Airport. Built in 1999, the property is fully occupied by Tharco Containers, one of the largest packaging companies in the nation.
Contacts:
Lloyd L. Minten, HFF Senior Managing Director, (503) 224-0444, lminten@hfflp.com
Thomas F. Wilson, HFF Associate Director, (503) 224-0444, twilson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
No comments:
Post a Comment