NORTHBROOK, IL-Boulder Net Lease Funds LLC has received $62 million from a refinancing of a six-property portfolio totaling 666,797 sf of office and industrial space. The financing will repay the acquisition lines for properties located in Kansas, Utah, New Hampshire, Texas and Indiana.

The financing was secured by the New York office of Holliday Fenoglio Fowler LP. Terms and rates for the financing were not disclosed. An HFF representative did not return a telephone call seeking comment, but says in its press release that the single-tenant assets were acquired during an 18-month period.

“The borrower cross-collateralized and cross-defaulted the portfolio resulting in a substantially higher appraisal valuation than the individual assets at the time of acquisition,” HFF senior managing director Jay Marshall says in the release.

According to the locally based Boulder Net Lease Funds’ press releases, the assets and their sale prices are as follows. A 105,935-sf flex building, leased by Sprint, at 10951 Lakeview Ave. in Kansas was purchased for $6.2 million. A 151,350-sf office building, leased by Northrop Grumman, at 888 S. University Park Blvd. in Clearfield, UT was bought for $22.9 million. A 48,400-sf office building, leased by Sun Microsystems, at 1617 Southwood Dr. in Nashua, NH was acquired for $6.7 million. A 70,680-sf office building, leased by HIT Entertainment, at 830 S. Greenville Ave. in Allen, TX was purchased for $10.2 million. A 90,432-sf flex building, leased by L-3 Communications, at 1908 110th St. in Grand Prairie, TX traded for $4.2 million. And, a 200,000-sf manufacturing building, leased by Lake Erie Products, at 3821 W. County Rd. in Frankfort, IN was picked up for $9.6 million.

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