DALLAS, TX – HFF announced today that it has arranged $24.5 million in financing for Heritage Commons IV (top left photo), a 164,333-square-foot, Class A office building in Alliance, Texas.
HFF worked exclusively on behalf of Global Income Trust, Inc. to secure the five-year, fixed-rate loan through JP Morgan Chase Bank N.A. (CMBS).
The securitized loan will be serviced by HFF. Loan proceeds were used to acquire the property. HFF also arranged acquisition financing on behalf of Global Income Trust, Inc. through JP Morgan for Heritage Commons III in June.
Completed in 2008, Heritage Commons IV is 100 percent occupied by the financing division of a major automobile manufacturer. The property is situated on 10.29-acres at 13650 Heritage Parkway within the AllianceTexas development about 15 miles north of downtown Fort Worth.
The HFF team representing Global Income Trust, Inc. for this acquisition financing was led by senior managing director Tim Jordan (lower right photo) and director Travis Anderson
Contacts:
TIM JORDAN TRAVIS ANDERSON
HFF Senior Managing Director HFF Director
(214) 265-0880 (214) 265-0880
tjordan@hfflp.com tanderson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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