HFF ARRANGES $20 MILLION REFINANCING FOR THREE OFFICE PROPERTIES

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HAUPPAUGE, N.Y. — HFF has arranged a $20 million in refinancing for a three-property suburban office portfolio totaling 175,579 square feet in Hauppauge for borrower TRITEC Real Estate Company. The permanent fixed-rate loan was provided by New York Community Bank (NYCB). The properties are located at 49 Wireless Boulevard (85,331 square feet at 82.6 percent occupancy, 125 Kennedy Drive (60,209 square feet at 100 percent occupancy), and 50 Engineers Road (30,039 square feet at 100 percent occupancy). The portfolio is a combined 91.3 percent leased to a variety of tenants including Verizon, Esurance, MedSave USA and an affiliate of the lender. The HFF team representing the borrower was led by Michael Gigliotti.

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