HFF Nails Down $35.4M Acquisition Financing for Tampa’s Fountain Square

Fountain Square I encompasses 135,666 square feet and has a 708-space garage as well as a retail bank branch. Fountain Square III has 176,150 square feet as well as a 912-space garage, a cafeteria, training rooms and a daycare facility.

July 9, 2010
By Allison Landa, News Editor

The Miami office of Holliday Fenoglio Fowler, L.P. has arranged $35.4 million in financing for two Class A office buildings totaling 311,816 square feet in Tampa, Fla. HFF senior manager Paul Stasaitis placed the seven-year, fixed-rate acquisition loan on Fountain Square I and III with Prudential Mortgage Company, working on behalf of W.P. Carey and Co.

Fountain Square I encompasses 135,666 square feet and has a 708-space garage as well as a retail bank branch. Fountain Square III has 176,150 square feet as well as a 912-space garage, a cafeteria, training rooms and a daycare facility.

HFF managing director Hermen Rodriguez, executive director Manny de Zarranga and director Ike Ojala brokered the sale of the property from Brookfield Asset Management to the W.P. Carey affiliate.

“These assets were highly sought after by life insurance companies,” Stasaitis said, “due to the creditworthiness of the tenant and the long-term leases in place.”

HFF operates out of 17 offices nationwide and offers services including debt placement, investment sales and commercial loan servicing.