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| Folcroft West Business Park, Pennsylvania |
FLORHAM PARK, NJ – HFF announced today that it has arranged
$127.5 million in financing for a 37-property industrial, office and retail
portfolio located in suburban Philadelphia, Pennsylvania and Melbourne,
Florida.
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| Jim Cadranell |
Working on behalf of The Henderson Group and Trinity Capital Associates,
HFF placed the three-year, floating-rate loan with Natixis Real Estate Capital
LLC. Loan proceeds are refinancing
existing debt on the properties and consolidating ownership under the company
founder, Wilbur Henderson.
The
portfolio is comprised of 2.3 million square feet within 33 industrial
facilities, three office buildings and one retail property. Overall occupancy is 87.5 percent and the
three largest tenants in the portfolio are Northrop Grumman, Brokers Worldwide
and Harris Corporation.
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| Folcroft East Business Park, Pennsylvania |
The majority of the properties are industrial facilities
located in either the Folcroft East Business Park or Folcroft West
Business Park near the Philadelphia International Airport.
The Melbourne assets consist of flex and
warehouse facilities located on or near the grounds of Melbourne
International Airport close to the Kennedy Space Center.
The
HFF team representing The Henderson Group and Trinity Capital Associates was
led by managing director Jim Cadranell and associate director Michael
Lachs.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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