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| Jon Mikula |
FLORHAM PARK, NJ - HFF announced it has secured $95.2
million to finance the acquisition of six office properties totaling 780,781
square feet in Connecticut and New York.
HFF placed the three-year, floating-rate loan with
Cornerstone Real Estate Advisers LLC, acting on behalf of its clients.
Keystone Property Group, which acquired the properties
through a joint venture with Mack-Cali Realty Corporation as part of a larger
portfolio deal, will use a portion of the loan to fund upgrades to the properties.
In July, HFF secured
$47.5 million to finance the acquisition of 412 Mt. Kemble Avenue in Morris
Township, New Jersey, another property in the portfolio deal between Keystone
and Mack-Cali.
The properties in the latest acquisition include Soundview
Plaza located at 1266 E. Main Street in Stamford, Connecticut; 555, 565 and 570
Taxter Road in Elmsford, New York; and Talleyrand Office Park, comprising two
buildings at 200 and 220 White Plains Road in Tarrytown, New York.
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| Jim Cadranell |
The 179,610-square-foot Soundview Plaza is located 1.5 miles
from Interstate 95 in the Stamford submarket.
Renovated in 2001, the seven-story building is situated on 1.82 acres
and includes a 205,075-square-foot parking garage.
The Class A Taxter Road office buildings total 422,422
square feet and are situated at the Interstate 87-287 junction approximately 29
miles north of New York City. The
buildings were constructed in 1972, 1985 and 1988.
Talleyrand Office Park is located 25 miles north of midtown
Manhattan and contains two 89,000-square-foot, six-story buildings, which are
part of a 12.856-acre park.
The HFF debt placement team was led by senior managing
director Jon Mikula, managing director Jim Cadranell and associate
director Andy Roland.
“HFF is proud to have played a role in Keystone and
Mack-Cali’s strategic vision for these well-located buildings,” Mikula said.
For more information, visit www.cornerstoneadvisers.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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