ORLANDO—Denholtz Associates has secured a $29.05 million refi for a five-property, 649,586-square-foot portfolio located in Florida and Illinois. HFF arranged a fixed-rate loan through Natixis Real Estate Capital. Loan proceeds were used to repay the existing mortgage.
The portfolio includes four assets in suburban Chicago: 1050-1138 Tower Lane in Bosenville; 747 N. Church Road in Elmhurst; 2625 Butterfield Road in Oak Brook; and 625-701 Executive Drive in Willowbrook. One asset is in Winter Park, Florida: 7129 University Boulevard.
The portfolio is 84% leased to 117 different tenants. Fifty-six percent of the portfolio is office space, 30% is flex space, and 13% is warehouse/industrial space.
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