DALLAS, TX – HFF announced today that it has arranged a $20.1 million financing for a three-building, 272,938-square-foot industrial portfolio located within The Brick Yard Business Park (top left photo) in Laurel, Maryland.
HFF worked exclusively on behalf of the borrower, a joint venture between Jackson-Shaw and Prudential Real Estate Investors, to secure the seven-year, 3.98 percent fixed-rate loan through Principal Global Investors.
The Brick Yard is located north of the Washington, D.C. Beltway (I-495) and approximately 23 miles southwest of Baltimore, Maryland in an area that was originally home to the Washington Brick Company manufacturing facility and mine.
The development is part of a larger mixed-use community that encompasses 125 acres of master-planned residential, office, industrial and retail space. Completed in 2009, the buildings feature modern architecture and state-of-the-art facilities.
The business park has been recognized by the United States Green Building Council (USGBC) for LEED Silver Core and Shell Certification and has also been named the 2009/2010 NAIOP award winner for best industrial in Washington, D.C.
The HFF team representing the borrower was led by senior managing director Tim Jordan (middle right photo) and managing director Travis Anderson (lower left photo).
Contacts:
TIMOTHY JORDAN
HFF Senior Managing Director
(214) 265-0880
TRAVIS ANDERSON
HFF Managing Director
(214) 265-0880
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500
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