Monday, June 17, 2013

HFF arranges $127.5 million financing on behalf of The Henderson Group and Trinity Capital Associates for 37-property portfolio in Pennsylvania and Florida


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.

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. 

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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