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| Alliance Center North within AllianceTexas Development, 15101 North Beach Street, Fort Worth, TX |
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has secured a $74.5 million refinancing for a three-property, Class A
industrial portfolio totaling 1.6 million square feet within the AllianceTexas development in Fort Worth
and Roanoke, Texas.
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| Meggie Lowy |
HFF worked on behalf of
the borrower, Hillwood, to place the 10-year, fixed-rate loan with a
correspondent life insurance company.
HFF is servicing the loan, proceeds of which are refinancing the
existing construction loans.
Completed between 2014 and
2015, the portfolio is anchored by Alliance Center North 2, a 1
million-square-foot, 58.7-acre distribution center 100 percent leased to
Wal-Mart and located at 15101 N. Beach Street in Fort Worth.
The two portfolio
buildings in Roanoke are Gateway 88, a 333,200-square-foot, build-to-suit
facility for Heritage Bag Company located at 501 Gateway Parkway, and Gateway
57, a 210,296-square-foot facility that is home to Momentum Fuel Technologies
and located at 1051 Republic Drive.
All three buildings are
within AllianceTexas, an 18,000-acre, mixed-use, master-planned community
developed by the borrower with office, industrial, commercial, retail and
residential components.
The portfolio
buildings are close to Interstate 35 and BNSF Railway’s Alliance Intermodal
Facility in addition to being proximate to Fort Worth Alliance Airport. Dallas-Fort Worth International Airport is
less than 21 miles southeast of the properties.
The HFF team was led by
director Cullen Aderhold and senior
managing director Trey Morsbach.
Hillwood Properties Director of Finance Meggie
Lowy managed the transaction for Hillwood.
“We received a strong
refinancing package for this portfolio and look forward to expanding the
relationship through future opportunities,” Lowy said. “HFF played a valuable
role in this transaction, and we appreciate its efforts to provide us with the
most competitive quotes in the marketplace.”
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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