DALLAS, TX – HFF announced today that it has secured $32.5 million in financing for the 473,325-square-foot headquarters (top left photo) for UnitedHealth Group’s health services business, Optum, in Eden Prairie, Minnesota.
Working exclusively on behalf of AG Net Lease Fund II, an affiliate of Angelo, Gordon & Company, HFF placed the 10-year, 4.8 percent, fixed-rate loan with Bank of America Merrill Lynch - Real Estate Structured Finance Group. The securitized loan will be serviced by HFF.
Completed in 2001, the property is fully leased on a triple net basis to UnitedHealth Group. UnitedHealth Group’s Optum Campus is situated on a 55.2-acre site at 13625 Technology Drive close to Interstate 494 about 12 miles southwest of Minneapolis.
The HFF team representing the borrower was led by directors Brandon Chavoya (middle right photo) and Coler Yoakam (lower left photo) and senior managing director Mark West.
Angelo, Gordon & Company is a privately-held registered investment advisor dedicated to alternative investing. The firm was founded in 1988 and currently manages approximately $24 billion. The firm is currently investing its second dedicated net lease fund, the $560 million AG Net Lease Fund II.
Contacts:
C. BRANDON CHAVOYA
HFF Director
(214) 265-0880
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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