 |
| Hermen Rodriguez |
MIAMI, FL – HFF announced it has closed the sale of and
secured acquisition financing for a Class A office portfolio located in
Florida, Georgia, Texas, North Carolina, Kentucky and Virginia.
HFF
marketed the 22 property, 3.1 million-square-foot portfolio on behalf of the
owners, who were advised by Interventure Advisors LP.
An affiliate of Parkway Properties, Inc. purchased the portfolio
in its entirety for $475 million and, immediately thereafter, sold 19 of the
assets to a joint venture between affiliates of Banyan Street Capital and
Oaktree Capital Management, L.P. for $237 million.
Parkway Properties retained ownership of three of the assets
located in Tampa, Florida.
In addition, HFF secured acquisition financing on behalf of
Banyan and Oaktree. A $210.7 million,
floating-rate loan was placed with Blackstone Mortgage Trust (NYSE: BXMT) to
fund the acquisition as well as certain capital expenditures and leasing costs.
 |
| H. Dan Miller |
The
original portfolio offering consisted of 22 properties with 3.1 million square
feet of office located in Tampa, Florida (six properties); Orlando, Florida
(three properties); Atlanta, Georgia (six properties); Houston, Texas (three
properties); Morrisville, North Carolina (two properties); Louisville,
Kentucky; and Richmond, Virginia.
The HFF investment sales team representing the sellers
included senior managing director Hermen Rodriguez, senior managing
director H. Dan Miller, managing director Ralph Smalley, director
Martin Hogan, director Ike Ojala and associate director Jorge
Portela.
Financing was arranged by the HFF debt placement team led by
senior managing directors Wally Reid and Paul Stasaitis.
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
No comments:
Post a Comment