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| Andy Scott |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged post-acquisition
financing for a portfolio of 154 convenience and gas station sites totaling
97.8 acres in the northeastern United States.
HFF worked on behalf of
the borrower, a subsidiary of a private real estate investment fund advised by
Crow Holdings Capital–Real Estate, to secure the five-year, floating-rate
acquisition loan with 18 months interest only.
The loan was provided by a consortium of lenders, led by Capital One and
BMO Harris.
The portfolio properties
comprise 88 sites in New York, 45 sites in Massachusetts and 11 sites in
Connecticut. Additionally, there are
seven sites in New Hampshire, two Rhode Island sites and one site in
Pennsylvania.
All 154 properties are subject to an absolute
net lease for 20 years with a subsidiary of Petroleum Marketing Group, a
leading jobber and distributor of petroleum products and operator of
convenience stores.
HFF’s debt placement team
was led by senior managing director Andy
Scott and associate director Michael
George.
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
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