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| John Ahmed |
DALLAS, TX – HFF announced it has secured a $57.5 million
refinancing for an eight-property office portfolio in suburban Louisville,
Kentucky.
Working on behalf of Ascent Properties, HFF placed the floating-rate
loan with Prime Finance Partners.
Ascent Properties is controlled by Dale Boden, who runs BF
Capital, a local Louisville real estate and private equity investment
firm.
The loan will recapitalize the current portfolio and provide
leasing costs for the ongoing stabilization of the properties. The financing also facilitated the
acquisition of one of the buildings.
The
portfolio is comprised of: Bluegrass Business Center I and II; Plainview Point
I, II and II; Thornton Park Plaza; Atrium Center; Plainview Center; and NTS
Center.
The approximately 780,000-square-foot portfolio is 86
percent leased overall to a mix of high-quality, institutional tenants. The properties are all located within
suburban office submarkets along the Interstate 64 corridor east of
Louisville’s central business district.
Leasing and property management is provided by NTS.
The
HFF debt placement team representing the borrower was led by director John
Ahmed and senior analyst Rex Cruz.
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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