Holliday Fenoglio Fowler Secures Refinancing of 2.7 MSF of Industrial Space

The Dallas office of Holliday Fenoglio Fowler L.P. secured a $90.5 million refinancing for an industrial portfolio in Florida, Georgia and Texas totaling approximately 2.7 million square feet. Holliday Fenoglio managing director John Rose worked exclusively on behalf of the borrower, ING Clarion Partners, to secure the five-year fixed-rate refinancing through a life insurance company.The portfolio includes nine industrial properties that are 97 percent occupied and are located in Atlanta, Jacksonville, Miami, Austin, Dallas and Houston. Tenants include Laney & Duke, Shippers Warehouse and HD Supply.Also, as CPN reported last month, Holliday Fenoglio Fowler arranged a $90 million loan for the development of Archstone Avenir, a 241-unit luxury apartment community in Downtown Boston. The 36-month construction loan was secured through NEBF Investments (National Electrical Benefit Fund), a Washington, D.C.-based union pension fund advisor and real estate investment program.The firm also has arranged for $172.5 million in financing for the development of three multi-family properties in September. The construction/mini-permanent loan was for three properties that are scheduled to consist of over 1,100 units in Maryland, 15 miles from Washington, D.C. The properties involved in the transaction were the 451-unit Westchester at Contee Crossing in Laurel, 192-unit Westchester Rockville Station in Rockville and 491-unit Westchester at the Pavilion in Waldorf.