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| University Corporate Center, 7129 University Boulevard, Winter Park, FL |
FLORHAM PARK, NJ – HFF announced today that it has secured a
$29.05 million refinancing for a five-property, 649,586-square-foot portfolio
located in Illinois and Florida.
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| Jon Mikula |
HFF
worked on behalf of Denholtz Associates to secure the five-year, fixed-rate
loan through Natixis Real Estate Capital, Inc.
Loan proceeds were used to repay the existing mortgage.
The
portfolio is comprised of four assets in suburban Chicago: 1050-1138 Tower Lane
in Bosenville; 747 N. Church Road in Elmhurst; 2625 Butterfield Road in Oak
Brook; and 625-701 Executive Drive in Willowbrook; and one asset in Winter
Park, Florida: 7129 University Boulevard.
The 84 percent
leased portfolio is leased to 117 different tenants and contains 56 percent
office space, 30 percent flex space and 13 percent warehouse/industrial space.
 |
| Michael Klein |
The
HFF team representing Denholtz Associates was led by senior managing director Jon
Mikula and director Michael Klein.
“The
portfolio’s diverse tenancy and strong suburban locations made this an
attractive assignment,” said Klein.
“Natixis believed that the subject properties had strong leasing
velocity and was confident in Denholtz’s experience and track record with these
assets.”
Denholtz Associates is a privately-held development, investment and
management company active in office, industrial, flex and retail real
estate. Headquartered in Matawan, New
Jersey, Denholtz Associates has 100 employees and maintains offices in Atlanta,
Chicago and throughout Florida and New Jersey.
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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