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| Bradshaw Business Park, Sacramento, CA |
PORTLAND,
OR – HFF announced today that it has arranged $38 million in financing for a
seven-property industrial and flex office portfolio totaling nearly 1.06
million square feet in California, Washington, Colorado and Missouri.
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| Sunrise Business Center, Rancho Cordova, CA |
HFF worked on behalf of a joint venture between a subsidiary of a fund managed
by Oaktree Capital Management, L.P. (“Oaktree”) and ScanlanKemperBard
Companies, to arrange an adjustable-rate loan through Latitude Management Real
Estate Investors, Inc. Proceeds from the loan were used to acquire the
portfolio.
The portfolio is 52 percent leased with individual property
details listed below:
Name Location Size
Property Type
Bradshaw
Business Park Sacramento,
CA 342,000
SF
Warehouse/Flex
Sunrise
Business
Center Rancho
Cordova, CA 57,600
SF
Flex
Fruitridge
Industrial Center Sacramento,
CA 53,238
SF
Flex
Andover
Executive
Park Tukwila,
WA 181,163
SF Flex
West
Valley Distribution Center Kent, WA 138,296
SF
Warehouse/Flex
Inverness
Business
Park Englewood, CO 83,058
SF
Office/Flex
Holmes
Corporate Center I & II Kansas
City, MO 202,391
SF Office
The HFF team representing the borrower was led by senior managing directors Lloyd
Minten and Paul Brindley and managing director Tom Wilson.
Oaktree is a leader among global investment managers specializing
in alternative investments, with $76.4 billion in assets under management as of
June 30, 2013.
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| Paul Brindley |
The firm emphasizes an opportunistic, value-oriented and
risk-controlled approach to investments in distressed debt, corporate debt
(including high-yield debt and senior loans), control investing, convertible
securities, real estate and listed equities.
Headquartered in Los Angeles, the firm has more than 750 employees
and offices in 13 cities worldwide. For additional information, please
visit Oaktree’s website at www.oaktreecapital.com.
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| Tom Wilson |
ScanlanKemperBard Companies (“SKB”) was
established in Portland, Oregon in 1993 with the intent of capitalizing on the
real estate experience, skills and vision of its founders. Since that
time, SKB has become one of the region’s leading real estate merchant banking
firms specializing in projects ranging in total capitalization from $5 million
to $100 million located throughout the western United States.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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