DALLAS, TX – HFF announced it has arranged a joint venture between Live Oak-Gottesman, LLC and KFG Investment Company for a 204,000-square-foot industrial portfolio in Austin, Texas.
In addition, HFF secured refinancing for one of the buildings in the portfolio.
HFF worked exclusively on behalf of Live Oak-Gottesman, LLC and KFG Investment Company to secure the joint venture financing through Principal Real Estate Investors.
The properties are located near the intersection of Interstate 35 and West Howard Lane within Tech Ridge, a 1,000-acre multi-use business park in Austin.
The portfolio consists of three, Class A industrial buildings that are 94 percent leased to six tenants including NCS Pearson, Inc., Ultra Clean Technology, Dynamic Manufacturing, Anixter, Inc. and Finisar Corporation.
The HFF equity placement team representing Live Oak-Gottesman Company included senior managing director Randy Baird (middle right photo), managing director Jud Clements (middle left photo) and director Robby Rieke. Senior managing director Mona Carlton (lower right photo) represented the borrower in the debt placement portion of the transaction.
For almost 40 years, the principals and professionals who merged to form Live Oak-Gottesman, LLC have represented a leading force in Central Texas commercial real estate.
Live Oak-Gottesman is the product of a strategic merger of three respected organizations: Live Oak Group, The Gottesman Company and the leasing and property management divisions of Trammell Crow Company.
Formed in early 2007, Live Oak-Gottesman, LLC is a vertically integrated, full-service commercial real estate firm with diverse holdings and operations spanning the industrial, office, retail and land development sectors of the Central Texas market.
For a complete copy of the company’s news release, please contact:.
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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