 |
| John Rose |
DALLAS, TX – HFF announced it has secured $175 million in
financing for a seven-property, 4.99 million-square-foot industrial portfolio
located in California, Texas and Mississippi.
HFF
worked exclusively on behalf of the borrower, a fund managed by Clarion
Partners, to secure a fixed-rate loan through TIAA-CREF. Loan proceeds were used to retire existing
debt on the portfolio.
The seven-property portfolio includes two assets in San
Bernardino, California; four in the Dallas, Texas metropolitan area; and one in
Southaven, Mississippi. Constructed
between 2001 and 2005, the portfolio is 94.1 percent leased overall.
The
HFF team representing the borrower was led by senior managing director John
Rose.
The fund specializes in real estate investments in the
industrial sector and seeks to invest in value-added industrial properties in
the United States.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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