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| Steve Heldenfels |
DALLAS, TX – HFF announced the $49.725 million financing of
a four-property office, retail and industrial portfolio totaling 846,490 square
feet in the Dallas and Houston markets.
Working on behalf of Hartman Income REIT (Hartman), HFF placed the
10-year, 4.61 percent, fixed-rate loan with Voya Investment Management
(formerly ING Investment Management).
Loan proceeds were used to pay off an existing short-term
line of credit on three of the properties (Bent Tree Green, Cooper Street
Plaza, Richardson Heights Shopping Center) and provide acquisition funding for
another property (Mitchelldale Business Park).
HFF’s industrial investment sales team in Houston
simultaneously facilitated the sale of Mitchelldale Business Park to Hartman,
which sold for an undisclosed amount.
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| Jim Curtin |
The
HFF debt placement team representing Hartman was led by managing director Steve
Heldenfels and associate director Jim Curtin.
The HFF investment sales team representing Falcon Southwest,
the Mitchelldale Business Park seller, was led by senior managing director Rusty
Tamlyn, managing director Tucker Knight and director Trent Agnew.
Hartman Income REIT, headquartered in Houston, Texas, is a $360 million
real estate investment trust, which owns and/or manages 38 properties with 5.04
million square feet of office, industrial and retail space. For more information, visit hi-reit.com.
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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