2C — March 4 - 27, 204 — Mid Atlantic Real Estate Journal
www.marejournal.com
F inancial D igest
HATHAM, NJ — Last week we attended the annual MBA/CREF Cronheim Mortgage 204 outlook Competitive pricing for 0+ year mortgages on investment Grade RE C MarketPlace, $29,000,000, in Woodbury, NY
looking for transitional loan opportunities for repositioning office, retail, hospitality, in- dustrial and multifamily, and will make those loans between $7-$75 million nationwide. Below is a partial list of what we accomplished in 2013. • Av o n M a r k e t p l a c e , $24,000,000 in Avon, CT • Key West Home Depot, $10,602,350 in Key West, FL • Long Island Retail Portfolio, $94,500,000 in Oceanside and Stony Brook, NY • FedEx Roanoke, $6,650,000 in Roanoke, VA • Village Green & Evergreen Shopping Center, $51,250,000 and Staten Island, NY • Suburban Philadelphia Of- fice Portfolio, $50,000,000 in Philadelphia, PA • Woodbury Common & The to a diverse mixture of tenants with no single tenant occupying more than 7% of the portfolio. The HFF team representing The Hampshire Cos. was led by senior managing director Jon Mikula and director Michael klein . “Principal provided the bor- rower with a very attractive rate and structure that best met the client’s needs and was able to quickly get their arms
• Medical Office Building, $9,400,000 and Wethersfield, CT • G r a n d B e a c h H o t e l , $125,000,000 in Miami Beach, FL •A l e xand r i a Commons , $10,800,000 in Alexandria, LA • Tice’s Corner, $48,500,000 and Woodcliff Lake, NJ • Residence Inn, $13,500,000 in Woodbridge, NJ • Long Island Retail Portfolio, $94,500,000 in Oceanside and Stony Brook, NY • Hotel Portfolio, $40,200,000 and Commack, NY; Williams- port, PA; Wilkes-Barre, PA • Greenwich Office Building, $5,500,000 in Greenwich, CT. n around a complex transaction,” said Mikula. “With 26 properties and 57 tenants, our objective was to find a lender who already un- derstood the market and asset type, ISRA compliance associ- ated with the acquisition of in- dustrial properties and be able to move fast enough to enable The Hampshire Cos. to close on the acquisition with debt in place,” added Klein. n
(Mortgage Bankers Associ- ation/Commercial Real Es- tate Finance Conference) in Orlando. Most of our Life Companies have large alloca- tions of new funds to invest; we are particularly competitive on 10 year and longer dura- tion for investment grade real estate. One transaction we are moving forward with this week is a 15 year, fixed rate, interest only loan that was priced at 1.50% over the corresponding treasury; that is something we have not seen anyone else provide. Forwards, construc- tion loans and mezzanine/eq- uity investing are all on our 2014 agenda. We are also in the bridge lending business FAIRFIELD AND LITTLE FALLS, NJ — HFF has se- cured a $34.8 million acquisi- tion financing for a 26-building industrial portfolio totaling 926,200 s/f in Fairfield and Little Falls. Working on behalf of The Hampshire Cos. , HFF placed the six-year, fixed-rate loan with Principal Real Estate Investors . The portfolio is 96% leased
HFF secures $34. million acquisition financing for 26-building industrial portfolio in northern NJ
Make your business card work as hard as you do
Nothing. ADVERTISE TODAY! CALL 800-584-1062 Without advertising a terrible thing happens.
The source for commercial real estate news in the Mid Atlantic Area. R EAL E STATE J OURNAL
Mid Atlantic Real Estate Journal Linda Christman, Publisher/CEO 800-584-1062 or 781-871-5298 • fax 781-871-5299 www.marejournal.com — Call or fax today for a FREE SAMPLE COPY! —
If you do not have a business card readily available, our art department will design one for you at no extra charge!
Made with FlippingBook - Online catalogs