HFF arranges $10.5 million financing for University Plaza in Winter Park, FL

University Plaza, Winter Park, FL

MIAMI, FL – HFF announced today that it has arranged $10.5 million in financing for University Plaza, a 77,918-square-foot, grocery-anchored neighborhood center in Winter Park, Florida.

                HFF worked exclusively on behalf of the borrower, North American Development Group (NADG), to secure the 15-year, fixed-rate loan through Prudential Mortgage Capital Company. 

Paul Stasaitis

                University Plaza is located at 4000 North Goldenrod Road at the intersection of University Boulevard in Winter Park, which is approximately 10 miles northeast of downtown Orlando.  Redeveloped in 2011, the 95 percent leased property is anchored by Publix.

Chris Drew

                HFF director Chris Drew, senior managing directors Paul Stasaitis and Danny Finkle, and senior real estate analyst Jose Carrazana led the HFF team representing NADG. 

                “NADG is a sophisticated borrower that is taking advantage of historically low interest rates to lock in highly accretive long-term, fixed-rate financing for a core asset in their portfolio,” said Drew.    

“We continue to see incredible demand from top-tier life insurance companies for fixed-rate loans on grocery-anchored retail throughout the state,” continued Drew.  

Daniel Finkle

 HFF’s debt placement team has secured more than $3.9 billion in financing for retail assets nationally in 2012.  HFF closed more than $680 million in retail transactions across all capital markets platforms in the state of Florida during 2012.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

www.nadg.com