(Read more on the debt and equitymarkets.)
NEWPORT BEACH, CA-A joint venture of the Koll Co. and the PublicEmployees Retirement System of Idaho has arranged a $100-millioncredit line to finance acquisitions in a move to expand the jointventure's 5.3-million-sf portfolio.The venture, called Koll/PER,plans to use the credit line to acquire multi-tenant office andindustrial properties in the six states where it currently owns andmanages property.
Koll/PER arranged the senior unsecured revolving credit facilityfrom a lending group headed by KeyBank Real Estate Capital, whichserved as the sole lead arranger and administrative agent, with USBank as the documentation agent. Other participating lenders wereComerica Bank and Charter One Bank.
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