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INDIANAPOLIS-The local office of Holliday Fenoglio Fowler LP has secured a $318.98-million refinancing for a 27-property industrial portfolio owned by Duke Realty Corp. in Indiana and Georgia. The 10-year, fixed-rate securitized loan was placed with Wachovia Securities, according to HFF. The 80% leveraged financing is interest-only throughout its entire term.

The portfolio comprises 8.32 million sf of industrial/flex space and is 95.5% occupied. Ten of the properties are located in the Lebanon Business Park and the Plainfield Business Park in the Indianapolis market, 15 properties are located in the Business Park at Sugarloaf and the Camp Creek Business Park in the Atlanta market, and two are located near the Port of Savannah in Savannah, GA.

“This portfolio is located in three of the United States’ premier industrial and distribution markets and is widely diversified in regards to tenancy as well as geographic location,” HFF’s David Keller says in a statement. The loan was secured for Duke by Keller, a senior managing director; John Rose, a managing director of HFF Dallas; and Jon Wood, director. Calls to HFF and Duke were not returned at press time.

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