Friday, October 25, 2013

HFF arranges $38 million financing for multistate seven-property industrial and flex office portfolio


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.

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.  

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.

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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