HFF Secures $10M Financing for NC Industrial Portfolio

Arrowridge Business Park consists of four rear-load buildings totaling 194,560 square feet of space. The portfolio is currently 98 percent leased to a mix of 26 tenants.

HFF secured $10.2 million in acquisition financing for Arrowridge Business Park, a four-building, office-warehouse portfolio located in Charlotte, N.C. The company arranged the 10-year, fixed-rate loan through a life company, working on behalf of a joint venture between Childress Klein, WHI Real Estate Partners and affiliates of Ocean Road Advisors Inc.

HFF will service the loan, proceeds of which were used for the acquisition of the 194,560-square-foot portfolio. Senior Managing Director Travis Anderson and Senior Director Cory Fowler led the debt placement team representing the borrower. Earlier this month, HFF secured a $15 million financing for a warehouse building located in South Brunswick, N.J…

HFF Secures $10M Financing for NC Industrial Portfolio

Categories : Finance

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