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HFF Works Sunshine State Retail Niche

ORLANDO-HFF arranged a $60 million refinancing for Seminole Towne Center and closed the sale of Promenades Mall.

By Jennifer LeClaire | Updated on June 01, 2011

ORLANDO, FL-HFF is busy closing retail refi deals and sales in Florida cities lately. HFF arranged a $60 million refinancing for Seminole Towne Center in Sanford and closed the sale of Promenades Mall in Port Charlotte.

On the Seminole Towne Center deal, HFF managing directors John Pelusi and Claudia Steeb and director Luis Castillo worked on behalf of the borrower to secure a 10-year, fixed-rate loan through Citigroup Global Markets. HFF will service the securitized CMBS loan that is replacing maturing debt on the property. Seminole Towne Center Limited Partnership includes a Simon Property Group entity and an institutional investor advised by Heitman.

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