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| Port Columbus Executive Park, Columbus, OH |
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| Michael Klein |
FLORHAM PARK, NJ – HFF announced it has secured a $6.4
million refinancing for Port Columbus Executive Park, a three-building,
124,922-square-foot office portfolio in Columbus, Ohio.
HFF
worked on behalf of the borrower, Bergman Real Estate Group, to secure the
10-year, fixed-rate loan through Natixis Real Estate Capital, Inc. Loan proceeds were used to replace existing
financing on the property. HFF will
also service the securitized loan.
Port
Columbus Executive Park is comprised of 2720, 2740 and 2760 Airport Drive,
three office buildings that are 89 percent leased overall to 13 tenants
including Lockheed Martin, AFLAC, Quest Diagnostics and Ohio State
University.
The properties are situated
on nearly 10 acres at the entrance of the Port Columbus International Airport,
close to Interstate 670 about five miles northeast of downtown Columbus.
The
HFF team representing the borrower was led by director Michael Klein.
“The
borrower was seeking a fixed-rate loan that would enable them to maximize
proceeds and to take interest rate risk off the table for as long as possible,”
said Klein.
“Natixis was able to
provide a structure that allowed Bergman Real Estate Group to meet their goals
while minimizing the amount of structure required for future tenant roll.”
Bergman Real Estate Group is a 25-year old, privately-owned real estate
investment and management firm that specializes in the acquisition, ownership,
management, leasing and construction supervision of commercial office
properties throughout New Jersey and other select markets, including Columbus,
Ohio.
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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