LOUISVILLE, KY. — HFF has arranged a $57.5 million refinance for an eight-property office portfolio in suburban Louisville. The portfolio is comprised of Bluegrass Business Center I and II; Plainview Point I, II and III; Thornton Park Plaza; Atrium Center; Plainview Center; and NTS Center. The approximately 780,000-square-foot portfolio is 86 percent leased. The properties are all located within suburban office submarkets along the I-64 corridor east of Louisville’s central business district. Leasing and property management of the office portfolio is provided by NTS. John Ahmed and Rex Cruz of HFF arranged the floating-rate loan through Prime Finance Partners on behalf of the borrower, Ascent Properties. The loan will recapitalize the current portfolio and provide leasing costs for the ongoing stabilization of the properties. The financing also facilitated the acquisition of one of the buildings.
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