DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured a permanent loan for a 16.3-acre ground lease located near the University of South Florida campus in Tampa, Florida.
Working exclusively on behalf of The LCP Group, HFF managing director Mark West (top right photo) placed the 10-year, fixed-rate loan with a national life insurance company. The LCP Group (previously Lepercq Capital Partners), headquartered in White Plains, New York, is a private real estate investment banking firm that has been acquiring, syndicating and overseeing real estate investments nationally since 1974.
The 49-year ground lease commenced in August 2008 and provides for five 10-year automatic extensions.
Contacts:
Mark E. West, HFF Managing Director, (214) 265-0880, mwest@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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