NAPERVILLE-Holliday Fenoglio Fowler has secured $31.7 million in financing and joint venture equity to recapitalize the four-building, 418,000-square-foot Naperville Corporate Center complex here. Jaime Fink and Mike Kavanau with HFF worked on behalf of Transwestern Investment Co. to secure a $23.4 million adjustable-rate loan with Prime Finance Partners.

The two men also tapped Dallas-based private equity firm TriGate Capital for $8.3 million in joint venture equity for the property’s recapitalization. With the infusion of capital, developers are paying off an existing first mortgage at a discount and providing capital for future tenant improvements and leasing commissions at the property. Asking rates at the complex run about $20.50 per square foot.

“The location of this property within the submarket is very strong as it benefits from direct access to the tollway in both directions,” said Jeffrey Yarckin, managing member of TriGate Capital, in a statement. “Also, we believe leasing will benefit from the amenities at the property and in the adjacent new Freedom Commons retail center.” The center also completed a $2.7-million renovation in 2009.