BOULDER, CO-HFF has arranged a $61.7-million financing for a 19-building office and industrial portfolio located within the Flatiron Business Park here. Working exclusively on behalf of Goff Capital Partners, HFF placed the three-year, adjustable-rate loan with GE Real Estate.
Funds from the transaction were used to finance the portfolio, which was acquired in late 2011. Flatiron Business Park is located in eastern Boulder at 5700 Flatiron Pkwy. near the intersection of 55th St. and Pearl Parkway.
The park encompasses 45 buildings situated on 200 acres and consists of a mixture of office, flex and light industrial/warehouse space. The 19 buildings included in the portfolio total more than 742,000 square feet, which is currently 70% leased.
The HFF team representing the borrower was led by executive managing director Mark Gibson, director Jim Curtin and analyst Jeremy Sain. Goff has purchased more than $4 billion in commercial real estate debt and assets during the past four years.
As GlobeSt.com previously reported, GlobeSt.com exclusive learned earlier this week that HFF was one of the seller’s representatives in the sale of a 107,000-square-foot multi-tenant office building at 2401 E. El Segundo Blvd. in El Segundo, CA. Peregrine Realty Partners purchased the six-story building that is 100% leased. Ryan Smith, principal at Peregrine Realty Partners, told GlobeSt.com that the seller could not be disclosed at this time, but according to public records, in 2008, TA Realty was the buyer of the property for $24.5 million from Investment Development Services Inc.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
