NEW YORK CITY-A bevy of assets throughout the country, mostly class A office, have been funded in a spate of deals newly closed by HFF.
In the largest of the deals, senior managing directors Eric Tupler and Mike Kavanau arranged some $607 million for 24 assets in nine states. HFF represented a pension fund advised by Invesco, RREEF Real Estate and TA Associates Realty to secure the capital for a total of five million square feet of assets.
Eight of the properties are multifamily assets totaling 3,499 units, two are office assets pacing out to 304,286 square feet, five are retail centers totaling 1.8 million feet and nine are industrial properties at 3 million square feet. The properties, 90% occupied, are located in major markets in California, Florida, Georgia, Massachusetts, Pennsylvania, Rhode Island, Texas, Virginia and Washington.
M&T Realty Capital Corp. provided eight Fannie Mae loans totaling $237 million, while Principal Global Investors brought nine loans totaling $183.7 million and Bank of America provided seven loans totaling just under $186 million.
Meanwhile, an HFF team comprised of senior managing directors Bruce Ganong, Riaz Cassum and Sue Carras and associate director Chris Gandy also arranged for $296 million in acquisition funds for Clarion Partners‘ buy of some 1.6 million feet of class A office.
The Bank of America loan also includes forward financing and refis for seven years, both fixed and floating rates. The assets in the portfolio are: 600 California St. in San Francisco; Morrocroft Centre in Charlotte; Westchase Park in Houston; 1111 19th St. in Washington, DC; and the Fort Point office portfolio in Boston’s Seaport District.