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HFF Arranges $50M in Financing for 10-Property Industrial Portfolio in Pennsylvania

by Amy Works

PHILADELPHIA — HFF has arranged $50 million in financing for a 10-property industrial portfolio in central Pennsylvania. The portfolio features 86 buildings totaling 2.12 million square feet of industrial space. HFF worked on behalf of the borrower, Hager Pacific Properties, to secure the 17-year, 4.15 percent fixed-rate loan through a correspondent life company. The portfolio is currently 100 percent leased to Jacobson Cos., a warehousing and distribution company. Ryan Ade of HFF’s Philadelphia office and Mark Wintner of HFF’s Los Angeles office represented the borrower for the loan.

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