CBRE Brokers Deal and Arranges Financing for Eltek Inc.'s North American HQ

PLANO, TX-CBRE Capital Markets has brokered the disposition and arranged the acquisition financing for the Eltek North American Headquarters building here. CBRE represented the seller, Argent Property Company, on the sale of the asset to Founders Properties, LLC, a Minneapolis-based real estate investment firm. CBRE’s Debt & Equity Finance group worked on behalf of Founders Properties to obtain a permanent loan through EverBank.

The Eltek North American Headquarters is a Class A, build-to-suit warehouse facility that was completed in December 2012. The property is strategically located within Plano’s Research and Technology District, which has special zoning requirements to ensure a well-maintained, cohesive business park environment. Comprised of 124,042 square feet, the property is 100% leased to Eltek, Inc., a worldwide leader in high-efficiency electronics and energy conversion.