DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured $6 million in financing for three ground leases totaling 255 acres in California, Indiana and Pennsylvania.
Working exclusively on behalf of the borrower, an affiliate of The LCP Group, L.P., HFF managing director Mark West (top right photo) placed the 38-month, fixed-rate permanent loan with a Texas-based life insurance company.
LCP, 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 three parcels of land are improved with warehouse and distribution facilities leased to an international food company. The Pennsylvania property is situated on 86 acres at 555 Nestle Way in Breinigsville (Allentown); the Indiana property is located on 118 acres at 2909 Pleasant Center Road in Fort Wayne; and the California property is situated on 50.8 acres at 2 Nestle Way in Lathrop (Stockton).
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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