HFF arranges $24.5 million acquisition financing for Heritage Commons IV in Alliance, TX

 DALLAS, TX – HFF announced today that it has arranged $24.5 million in financing for Heritage Commons IV (top left photo), a 164,333-square-foot, Class A office building in Alliance, Texas.

HFF worked exclusively on behalf of Global Income Trust, Inc. to secure the five-year, fixed-rate loan through JP Morgan Chase Bank N.A. (CMBS). 

The securitized loan will be serviced by HFF.  Loan proceeds were used to acquire the property.  HFF also arranged acquisition financing on behalf of Global Income Trust, Inc. through JP Morgan for Heritage Commons III in June.

Completed in 2008, Heritage Commons IV is 100 percent occupied by the financing division of a major automobile manufacturer.  The property is situated on 10.29-acres at 13650 Heritage Parkway within the AllianceTexas development about 15 miles north of downtown Fort Worth.

The HFF team representing Global Income Trust, Inc. for this acquisition financing was led by senior managing director Tim Jordan (lower right photo) and director Travis Anderson

Contacts: 

TIM JORDAN                                           TRAVIS ANDERSON                 

HFF Senior Managing Director                HFF Director                                

(214) 265-0880                                         (214) 265-0880                      

tjordan@hfflp.com                                    tanderson@hfflp.com                

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com

Self-Storage Operators Join OpenTech Alliance’s Robert Chiti for MiniCo Webinar to Discuss the Pros and Cons of Self-Service Kiosks

Phoenix, AZ, Sept. 6, 2011 --(PR.com)-- While many people have heard about self-service kiosks in the self-storage industry, most are unfamiliar with how they actually work.

On September 27, 2011, Robert A. Chiti (top right photo), President and CEO of OpenTech Alliance, Inc., will be joined by a group of self-storage operators from around the country to present the free webinar “The Kiosk Advantage: Self-Storage Operators Unravel Fact from Fiction.”

 The group of presenters will share their personal experiences and explain how self-service kiosks function at their facilities. The presentation will highlight many kiosk enhancements designed to resolve manager-identified issues and include a Q&A with participants. Topics will include the following:

MYTH – Kiosks do not provide personal service

MYTH – All empty storage units must be left unlocked

MYTH – Consumers can make payments at the kiosk while in lien status

MYTH – Using a kiosk means providing 24-hour access to your property

OpenTech Alliance, Inc., is the sponsor of the webinar. The leading developer of innovative self-storage solutions, OpenTech Alliance, Inc., offers self-storage kiosks, call center services and an online self-storage reservation solution.

For more information or to register, visit http://www.ministoragemessenger.com/. Online registration is required for this free live event.

For more information, please visit: OpenTech Alliance, Inc. – www.opentechalliance.com

Contact:

MiniCo Insurance Agency, LLC

Christa Van Zant

602-678-3568

www.minico.com