(Read more on the industrial market and more on the debt and equity markets.)
NEW YORK CITY-The Dallas office of Holliday Fenoglio Fowler LP arranged $77 million in financing for a five-property, multi-state industrial portfolio. HFF managing director John Rose worked exclusively on behalf of the borrower, a commingled fund advised by locally based ING Clarion Partners, to secure a 10-year fixed-rate loan through Hartford Investment Management Co.
HFF will also service the loan, proceeds of which will be used to return equity to the borrower. The five-property industrial portfolio is 100% leased overall. Properties are located in Illinois, Kansas, Mississippi, Tennessee and Texas. Calls to ING Clarion were not returned to GlobeSt.com by deadline. HFF tells GlobeSt.com that all they are not authorized any further information besides that it was "a refinance of a multi-state portfolio of 2.8 million sf."
ING Clarion and its affiliates manage more than $49 billion in assets in the private equity, public equity and public debt sectors of the real estate markets and has been in the news recently. Recently, it named CB Richard Ellis to manage a national portfolio of 26 class A office buildings in CBD and suburban markets in seven states as GlobeSt.com reported. The company also recently acquired a substantial ownership interest in a 132,965-sf Midtown office building located 11 E. 44th St. in a jv partnership between DCD America and a commingled fund managed by ING Clarion Partners. The company has been in the news in the recent months for deals in other areas including: the recent joint venture acquisition of the Village Shopping Center in Boulder, CO for $55.5 million; Conroe Medical Arts and Surgical Plaza in Conrow, TX for $18.3 million; and Lincoln Park III, a newly developed office building in Herndon, VA for $47 million.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
