HFF SECURES $117.65 MILLION IN FINANCING FOR 2.7M SF OF INDUSTRIAL SPACE

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DALLAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has secured $117.65 million in financing for ING Clarion Partners for two industrial portfolios totaling approximately 2.7 million square feet in Arizona, California, New Jersey and Washington. On behalf of the borrower, John Rose of HFF arranged two separate 5-year refinancings through Northwestern Mutual. A $70 million, fixed-rate loan was provided for the Arizona, New Jersey and Washington portfolio, while a $47.65 million, fixed-rate loan was arranged for the California portfolio. The portfolios include 11 industrial properties, which are 100 percent occupied. Notable tenants include Payless Shoe Source Distribution Inc., Complete Logistics Company Inc. and Prime-Line Products Company.

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