NEW YORK CITY—HFF has secured a $175-million financing for seven industrial properties located mainly in the Dallas Metroplex. The financing was obtained on behalf of Lion Industrial Trust, a fund managed by New York City-based Clarion Partners.

HFF secured the fixed-rate loan through TIAA-CREF, with a team led by John Rose, senior managing director at HFF. Loan proceeds were used to retire existing debt on the portfolio; terms of the loan were not revealed.

Included in the portfolio are two assets in San Bernardino, CA; four in the Dallas metropolitan area; and one in Southaven, MS, a suburb of Memphis. Constructed between 2001 and 2005, the portfolio is 94.1% leased overall. An HFF spokeswoman declined to provide further details on the properties.

ING Clarion Partners in 2002 acquired Dallas-based Trammell Crow Industrial Trust, with 287 properties and more than 300 acres of land, for $1.6 billion. The private REIT formed the basis of Lion Industrial Trust. Trammell Crow and Clarion subsequently have partnered on a number of industrial developments, such as the six-building California Palms master-planned project in San Bernardino that launched in '05.