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| Zack Holderman |
SAN DIEGO, CA –– HFF announces that it has arranged a $30.1
million refinancing for Corporate Parkway North, a 225,523-square-foot,
recently renovated, office property in the Deer Valley submarket of Phoenix,
Arizona.
HFF worked on behalf of the borrower, Second City Real Estate, to
secure the refinance.
Corporate Parkway North is situated on 18.99 acres at 16404 N
Black Canyon Highway just west of Interstate 17 in the Deer Valley submarket of
Phoenix. \
Phoenix consistently ranks as one of the
top metro areas for population growth and the city has added more than 78,000
jobs over the last 12 months (as of September 2018) driven largely by corporate
expansion, access to a talented workforce and a high quality of life.
 |
| Olga Walsh |
Renovated in 2018, Corporate Parkway
North features two stories of office space with average floor plates of 112,761
square feet.
The HFF debt placement team representing the borrower was led by
senior director Zack Holderman and senior managing director Jeremy
Womack as well as senior associate Olga Walsh.
 |
| Jeremy Womack |
“The successful refinance of Corporate Parkway North is a
testament to the excellent business strategy and professionalism demonstrated
by the team at Second City,” Holderman added. “Their ability to identify
assets in select markets, enhance, and stabilize performance has been proven
time and again.”
About Second City Real Estate
Headquartered in Vancouver, BC, Second City Real Estate is a
private equity partnership dedicated to sourcing and maximizing value from real
estate transactions.
Since 2011, the firm’s related entities
have completed over $2.4 billion of property acquisitions across a variety of
markets. Second City Real Estate is a value creation leader in the mid-market
sector.
CONTACTS:
ZACK HOLDERMAN
HFF Senior
Director
(858)
552-7690
JEREMY WOMACK
HFF Senior Managing Director
(602) 648-8700
KRISTEN MURPHY
HFF Director,
Public Relations
(617)
338-0990
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