HFF Arranges $350M in Financing for High-Profile Deal
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Charlotte, N.C.—Holliday Fenoglio Fowler’s name will go down in history in North Carolina for having played a supporting role in what is being widely touted as the largest single real estate transaction in the state—ever. HFF orchestrated a $350 million financing package on behalf of Northwood Investors, which recently purchased a portfolio accounting for the greater part of the 535-acre Ballantyne Corporate Park in Charlotte. According to an announcement from Northwood’s legal advisor on the transaction, Simpson Thacher & Bartlett LLP, Northwood paid The Bissell Cos. Inc. more than $1 billion for the mixed-use collection of assets.
Northwood walked away with 35 office buildings totaling 4.2 million square feet; four hotels encompassing an aggregate 588 guestrooms; 400,000 square feet of retail space; a golf course; and precious undeveloped land. “Acquiring such a diverse portfolio with the breadth of Ballantyne Corporate Park is a generational opportunity, unprecedented in the state of North Carolina and one of the largest real estate trades ever in the Southeast,” Travis Anderson, senior managing director with HFF, said in a prepared statement…
