 |
| Cecily Nazario |
MIAMI, FL – HFF announced it has arranged $15.66 million in
acquisition financing for Marketplace Square, a 173,292-square-foot
Hobby Lobby-anchored retail center in Jensen Beach, Florida.
HFF
worked on behalf of the borrower, Leon Capital, to secure the floating-rate
loan through Prime Finance.
Marketplace Square is located on approximately 20.35 acres
at the southeastern corner of US 1 and Jensen Beach Boulevard in the Port St.
Lucie Metropolitan Area of Jensen Beach.
 |
| Travis Anderson |
The property is directly opposite Treasure Coast Square
Mall, the only enclosed regional mall within 30 miles. Marketplace Square is leased to 20 tenants,
including Hobby Lobby, Dollar Tree, and Bank of America.
The HFF team representing the borrower was led by senior
managing director Travis Anderson, director Chris Drew and senior
analysts Jose Carrazana and Cecily Nazario.
Through the second quarter of 2014, HFF’s debt placement
team has secured more than $1.5 billion in loan placements for retail assets
nationally. In Florida, HFF has closed
more than $539 million in retail transactions across all capital markets
platforms over the same period.
“Market conditions are extremely competitive and HFF
continues to see significant demand from investors and lenders for quality
assets in secondary markets throughout Florida,” Drew said.
 |
| Chris Drew |
Leon Capital Group acquires and develops real estate on
behalf of family offices and institutional investors seeking superior risk
adjusted returns in a diversified real estate investment portfolio.
The company has made 82 investments in the
four years following the financial crisis. Leon Capital and its affiliates
oversee assets with a total capitalization of more than $2 billion.
Their
investment disciplines encompass four principal lines: bridge lending,
multi-family value-add acquisition and new development, retail net lease and
shopping center acquisition and development and special situations including
land, distressed debt, Joint Venture Equity and recapitalizations.
Prime Finance is a private commercial real estate finance
company with discretionary capital which directly originates mortgage,
mezzanine and preferred equity financing and also acquires performing,
sub-performing and distressed debt.
They offer a variety of non-recourse loans above $10 million on office,
retail, hotel, industrial, multifamily, mobile home, self-storage and mixed use
properties in all markets around the United States.
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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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