 |
| One of seven retail centers financed in North and South Carolina, Georgia and Mississippi |
 |
| Kevin Mackenzie |
NEWPORT BEACH, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $62 million in
first lien financing for a portfolio of seven retail centers totaling 805,803
square feet in North and South Carolina, Georgia and Mississippi.
HFF worked on behalf of
the borrower-sponsor, Cole Credit Property Trust IV, Inc. (CCPT IV), to place
the seven-year, fixed-rate loan with Voya Investment Management. HFF will service the loan.
Of the seven properties in
the portfolio, three are in South Carolina near Charleston and
Greenville-Spartanburg: Walmart
Neighborhood Market at 10635 Dorchester Road in Summerville (Charleston),
Poplar Springs Plaza at 2153 East Main Street in Duncan (Greenville-Spartanburg)
and Tire Kingdom & Starbucks at 1820 North Highway 17 in Mount Pleasant
(Charleston MSA).
The portfolio also includes two Georgia
properties, Albany Square at 2707 Dawson Road in Albany and East-West Commons
at 1757 East-West Connector in Austell (Atlanta); Morganton Heights at 400
Henredon Road in Morganton, North Carolina, and The Ridge at Turtle Creek in
Hattiesburg, Mississippi.
All properties in the portfolio are anchored
by national retailers, including Walmart Neighborhood Market, Publix, Academy
Sports, Belt, Dick’s, T.J. Maxx, Ross Dress for Less, Hobby Lobby and
Bealls.
 |
| Greg Brown |
The HFF debt placement
team representing the borrower consisted of senior managing director Kevin Mackenzie, director Greg Brown and associate director Cory Fowler.
“Using our marketing
process and the strength of the sponsorship coupled with the cross
collateralization of the portfolio, we were able to provide the client with
multiple balance sheet lender options and, ultimately, were able to close with
an excellent lender in Voya within the client’s desired timeframe,” Brown said.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax
617.338.2150 | www.hfflp.com
No comments:
Post a Comment