NEW YORK CITY—HFF has secured a $175-millionfinancing for seven industrial properties locatedmainly in the Dallas Metroplex. The financing was obtained onbehalf of Lion Industrial Trust, a fund managed byNew York City-based Clarion Partners.
HFF secured the fixed-rate loan throughTIAA-CREF, with a team led by JohnRose, senior managing director at HFF. Loan proceeds wereused to retire existing debt on the portfolio; terms of the loanwere not revealed.
Included in the portfolio are two assets in San Bernardino, CA;four in the Dallas metropolitan area; and one in Southaven, MS, asuburb of Memphis. Constructed between 2001 and 2005, the portfoliois 94.1% leased overall. An HFF spokeswoman declined to providefurther details on the properties.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
