HFF Securities serves as financial advisor in sale of $1.35 billion iStar CTL Portfolio

LOS ANGELES, CA – HFF Securities L.P., an affiliate of Holliday Fenoglio Fowler, L.P. (HFF), announced today that it served as the exclusive financial advisor to iStar Financial Inc. (NYSE:SFI) in the sale of a nationwide portfolio of 32 corporate tenant-leased properties, or interests therein, totaling approximately 11.3 million net rentable square feet of office and industrial space.

HFF Securities head of investment banking Dan Cashdan, senior managing director Doug Bond and director Mike Joseph, CFA, led the team exclusively advising iStar on the sale. Dividend Capital Total Realty Trust, Inc. purchased the portfolio for approximately $1.35 billion.

Working on behalf of Dividend Capital, executive managing director John Fowler and directors Janet Krolman (top right photo)  and Greg LaBine (top left photo)  of HFF Boston arranged approximately $750 million of senior secured acquisition financing through a combination of fixed and floating-rate facilities.

“We believe that this is the largest real estate transaction completed this year,” said Cashdan. “Both iStar and Dividend Capital worked cooperatively to execute a large, complicated transaction in a timely manner.

"We are honored to have served as financial advisor on this transaction and to have achieved the objectives of both the buyer and seller.”

“We are pleased to have assisted Dividend Capital in arranging a creative financing solution for the transaction,” said Fowler. “The parties worked diligently to complete the financing transaction on attractive terms in a narrow time frame.”

HFF Securities L.P. is a registered broker-dealer with the SEC and a member of FINRA.


Holliday Fenoglio Fowler, L.P., and HFF Securities L.P. are acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740

Contacts:

Doug Bond, CA Lic (#01701004), HFFS Senior Managing Director, (310) 407-2100, dbond@hfflp.com
 Janet Krolman, HFF Director, (617) 338-0990, jkrolman@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF to market for sale two GSA-leased single tenant office properties

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has been exclusively retained to market for sale two U.S. Government-leased, single tenant office buildings in Las Vegas, Nevada and Denton, Texas, a suburb of Dallas-Fort Worth.

The FBI Building, (middle right photo)  in Las Vegas, Nevada totals 106,955 square feet and is leased to the Federal Bureau of Investigation (“FBI”) through October 2021.

The FEMA Building is an 83,481-square-foot facility in Denton, Texas that is leased to the Federal Emergency Management Agency (“FEMA”) through May 2022. Both buildings were constructed in the past nine years as build-to-suit facilities for these GSA entities.

Contacts:

Barry M. Brown, HFF Senior Managing Director, (214) 265-0880, bbrown@hfflp.com
Andrew S. Levy, HFF Senior Managing Director, (214) 265-0880, alevy@hfflp.com
Todd W. Savage, HFF Managing Director, (214) 265-0880, tsavage@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF named to market for sale Simi Valley Town Center in California

IRVINE, CA – The Orange County and Los Angeles offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have been exclusively retained to market for sale Simi Valley Town Center, (bottom right photo)  a newly-developed, trophy lifestyle center located off the 118 Freeway in Simi Valley, California.

HFF senior managing director Ryan Gallagher (lower left photo)  and directors Bryan Ley, Kelly Rohfeld (bottom right photo) and John Crump will market the property on behalf of the seller.

The 612,000-square-foot lifestyle center has an impressive merchandising mix containing some of the nation’s most recognizable retailers including: Macy’s, Apple, Anthropologie, Chico’s, Coldwater Creek, California Pizza Kitchen, Forever XXI, Urban Outfitters and Victoria’s Secret.
 

Developed by Forest City Enterprises and designed by F+A Architects, the project is modeled after a hillside Italian village with oak trees, a Koi pond, an outdoor fireplace and garden. F+A also designed such recognizable projects as Glendale Galleria and the internationally renowned South Coast Plaza in Costa Mesa.

The project is currently 86% occupied by 90 tenants and provides additional land for outparcel development.

The center serves the affluent and growing community of Simi Valley. The average household income in Simi Valley exceeds $112,000 per year and the population has grown more than 12% over the past decade.

In addition, Simi Valley Town Center is strategically located adjacent to the upscale, 500-unit Archstone Simi Valley apartment community. The project is expected to garner interest nationally from a wide range of private and institutional investors.

Contacts:

Ryan Gallagher, Ca. Lic. (#01269918), HFF Senior Managing Director, (949) 798-4100, rgallagher@hfflp.com
Bryan Ley, Ca. Lic. (#01458927), HFF Director,  (310) 407-2120, bley@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com