HFF arranges $6.3 million financing for Florida retail portfolio

IRVINE, CA – HFF announced today that it has arranged a $6.3 million financing for a retail portfolio totaling 60,283 square feet in Pensacola and Orlando, Florida.

HFF worked exclusively on behalf of IRA Realty Capital to secure the 10-year, 4.87 percent fixed-rate loan through Citigroup Global Markets – CMBS. Proceeds from the loan were used to acquire the retail centers.

The portfolio includes Pensacola Marketplace (top left photo), a 49,768-square-foot, fully-leased retail power center in Pensacola, that was built in 2008. Tenants include Ross, Office Depot and Chili’s. The portfolio also includes a 10,515-square-foot freestanding strip center in Orlando, which is 100 percent leased to Verizon Wireless and Mattress Firm.

The HFF team representing the borrower was led by director John Chun (lower right photo),

Contacts:

JOHN CHUN
HFF Director
(949) 253-8800
jchun@hfflp.com

KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
krmurphy@hfflp.com