AUSTIN—HFF has closed the sale of and secured $26.35 million in acquisition financing for three industrial/flex facility portfolios that total eight properties and 594,469 square feet in Austin and the Dallas-Fort Worth area.

HFF marketed the three portfolios on behalf of separate sellers:  Americo Real Estate Ltd. (Americo); Vintage Interests and an unnamed seller.  Working on behalf of the buyer and borrower, KFG Investment Co. (KFG), HFF secured three separate 10-year, fixed-rate loans through Unum Life Insurance Co. of America, including the $10.35 million loan for the four-property Dallas-Fort Worth (DFW) portfolio, sold by Americo; the $5.5 million loan for a two-property portfolio in Plano, sold by Vintage Interests; and the $10.5 million loan for a two-property portfolio in Austin.  HFF is servicing all three loans.

The two-property, class A Austin portfolio consists of the 124,390-square-foot Techi Center, which has two shallow-bay buildings 100 percent occupied by four tenants, and the 94,770-square-foot, five-building Cameron Center, which is 94.7 percent leased to 11 tenants.

The four-property, class A DFW portfolio is comprised of the 39,559-square-foot Beltline Business Center in Irving; the 39,181-square-foot 1600 10th Street in Plano; and the 80,791-square-foot TriStar Tech Center and 83,896-square-foot Carrier Place in Grand Prairie. The portfolio is 96 percent leased.  The two-property Plano portfolio consists of Summit Service Center, a 95,187-square-foot center totaling three buildings that is 98 percent occupied by 19 tenants, and the 100-percent leased Jupiter Tech Center, which has 36,695 square feet and six tenants.  

The transaction represents a sale and exchange program by KFG designed to expand and diversify its portfolio. HFF coordinated the sale of assets in Southern California, the acquisition of replacement properties in Texas and sourced the acquisition debt for the replacement properties to facilitate the completion of the exchange.

Senior managing director Randy Baird, managing director Jud Clements, director Robby Rieke and real estate analysts Stephen Bailey and Parker McCormack led the HFF investment sales team representing the three portfolio sales to KFG.

Senior managing director Mona Carlton, associate director Chad Russell and real estate analyst Kris Lowe led the HFF debt placement team representing the borrower.

Senior managing directors Anthony Brent and Ryan Martin led the HFF investment sales team representing the sale of the Southern California assets.