Thursday, April 25, 2013

HFF arranges $38 million financing for 15-property industrial portfolio in Texas and New Mexico



Above is part of a 15-property industrial portfolio
 totaling more than 1.2 million square feet
in Texas and New Mexico.
 

Adam F. Herrin

DALLAS, TX – HFF announced today that it has arranged $38 million in financing for a 15-property industrial portfolio totaling more than 1.2 million square feet in Texas and New Mexico.  

HFF’s Adam Herrin and Kevin Mackenzie worked on behalf of the borrower, Industry Capital Advisors, to secure and modify the 12 separate loans with ViewPoint Bank.  The transaction included seven new 10-year, fixed-rate loans and five existing loans, which were modified and extended.

The properties in the portfolio are located in various Texas locations and Albuquerque, New Mexico.  At the time of the financing the average occupancy among the portfolio was more than 90 percent.

Kevin Mackenzie
Industry Capital Advisors is a San Francisco-based private equity firm focused on investing in real assets.  The firm was founded in 2003.  Through its Berkeley funds, the firm owns and operates more than two million square feet of industrial real estate in the United States.

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

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