Tuesday, November 22, 2011

HFF arranges $24.5 million acquisition financing for Heritage Commons IV in Alliance, TX



 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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