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| Timberland Town Center, Portland, OR |
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| Casey Davidson |
PORTLAND, OR – Sept. 21,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $23 million in financing for Timberland
Town Center, a 91,801-square-foot retail center anchored by a boutique
grocer in Portland, Oregon.
HFF worked on behalf of
the borrower, Timberland Town Center LLC, an Oregon limited liability company
controlled by Gramor Development, Inc., to secure the 10-year, fixed-rate loan
with AXA Equitable Life Insurance Company through its advisor Quadrant Real
Estate Advisors.
Loan proceeds were used to take out the
construction loan, as the property just reached stabilization.
The HFF debt placement team representing the borrower was led by managing director Casey Davidson.
”This was an exciting project, as Gramor always constructs best of class properties with the right tenant mix and a long-term hold mentality,” Davidson said. “The center had significant preleasing when we started the process 12 months ago, which really helped generate interest with the insurance company lenders.”
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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