HFF managing director John Rose worked exclusively on behalf of ING Clarion Partners to secure the refinancings through Northwestern Mutual. A $70 million, fixed-rate loan was arranged for the Arizona, New Jersey and Washington portfolio and a $47.7 million, fixed-rate loan was secured for the California portfolio.
The portfolios include 11 industrial properties that are 100% occupied. Sources close to the deal could not provide GlobeSt.com with specific locations or further information about the properties at this time. Notable tenants include Payless Shoe Source Distribution Inc., Complete Logistics Co. Inc. and Prime-Line Products Co.
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