The properties are owned by Belmont Drive Associates, a local group. The financing was arranged by Jon Mikula, senior director at HFF, through an institutional lender, who was not named. The structure of the financing provided an earnout component for future leasing. Other details of the package were not released.
HFF, said to be the nation's largest intermediary of capital for commercial real estate, structured more than $12 billion in debt, structured finance and investment sales transactions last year.
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