HOUSTON--HFF has arranged $18.75 million in acquisition financing for a six-property, 16-building industrial portfolio totaling 462,618 square feet in the north Dallas-Fort Worth area.

HFF worked exclusively on behalf of the borrower, Red Tail Acquisitions, to secure the 10-year, fixed-rate loan through a correspondent life insurance company. Loan proceeds were used to purchase the portfolio for an undisclosed amount. HFF's Dallas-based brokerage group also represented the seller in the sale.

The portfolio consists of 1360-1420 Presidential Drive and 850-890 North Dorothy Drive in Richardson and 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Drive and 2855 Trinity Square Drive in Carrollton.  Located in infill, established industrial submarkets, the properties are near interstates 35 and 635 and Highway 75. The properties are 87 percent leased overall to 41 tenants, including NOW Specialties Inc., Optex Systems Inc., Laboratory Corps. of America, SKH Beauty Inc., All Sorts Mailing Services, Circuitco Electronics LLC, Advanced Environmental Concepts, Select Cabinet Co., Milestone Construction, TraStar Inc. and Gym Ratz Basketball Club LLC.

The HFF debt placement team representing the borrower was led by managing director Tucker Knight.

“The DFW industrial submarket is one of the most established industrial submarkets in Texas,” Knight says. “The properties in this portfolio are well-located, quality assets, and I expect them to see an upward trend in leasing.” 

HFF was unable to provide additional comments on the transaction by press time.