$117.65 Million in Financing Secured by HFF for 2.7 Million Square Feet of Industrial Space.DALLAS -- The Dallas office of HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor (Holliday Fenoglio Fowler, L.P.) announced today that it secured $117.65 million in financing for two industrial portfolios totaling approximately 2.7 million square feet in Arizona, California, New Jersey and Washington. HFF managing director John Rose worked exclusively on behalf of the borrower, ING Clarion Partners, to secure two separate five-year refinancings through Northwestern Mutual. A $70 million, fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. was arranged for the Arizona, New Jersey and Washington portfolio and a $47.65 million, fixed-rate loan was secured for the California portfolio. The portfolios include 11 100% occupied industrial properties. Notable tenants include Payless Shoe Source Distribution Inc., Complete Logistics Company, Inc. and Prime-Line Products Company. Founded in 1982, ING Clarion and its affiliates manage almost $50 billion in assets in the private equity, public equity and public debt sectors of the real estate markets. The ING Clarion organization has almost 500 associates located in major markets throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The firm is the U.S. investment management arm of ING Real Estate, a global real estate company active in investment management, development and finance. With a total business portfolio of almost $160 billion and offices in 21 countries in Europe, the United States, Canada, Asia and Australia, ING Real Estate ranks among the world's strongest real estate companies. ING Real Estate is part of ING Group ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. , a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries. More information about the firm is available at www.ingclarion.com. HFF (NYSE NYSE See: New York Stock Exchange :HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and commercial loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion