DALLAS--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured permanent financing totaling $294.6 million for five light industrial portfolios comprising 59 properties, 69 buildings and 8.071 million square feet in Atlanta, Dallas, Salt Lake City, Denver and Phoenix MSAs.
HFF worked on behalf of the borrower to place three 15-year, fixed-rate loans with Great-West Life & Annuity Insurance Company and two 15-year, fixed-rate loans with Voya Investment Management. Loan proceeds will be used to refinance existing debt.
The HFF debt placement team included executive managing director Joe B. Thornton, Jr., senior managing directors John Rose and Jeremy Womack and managing directors Josh Simon and Gregg Shapiro.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.