The properties are located in Texas, Georgia, and Florida, and are part of a larger portfolio acquisition that El-Ad completed in 2007. Those close to the deal tell GlobeSt.com that they are not at liberty to divulge the seller's identity at this time.
The source further explains that in terms of total square footage the seven properties total just more than 1.6 million sf. "HSBC's established expertise in commercial real estate, blended with the success of the Fannie Mae and Freddie Mac programs, helps ensure top customer service and one-stop-shopping for our growing client base," notes Glenn Grimaldi, HSBC's EVP of Commercial Real Estate, in a prepared statement.
El-Ad National Properties LLC is a subsidiary of the El-Ad Group Ltd, a major international presence in the real estate and hotel industry. The El-Ad Group has significant operations in Israel, Europe, Canada, and the US.
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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.
