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