HARRISBURG, PA—HFF arranged a $50 million financing for Los Angeles-based Hager Pacific Properties, which is acquiring a 100-percent-occupied portfolio of 10 properties with 86 buildings totaling 2.12 million square feet in central Pennsylvania.
HFF secured a 17-year, 4.15-percent, fixed-rate loan for Hager through a correspondent life company. HFF is servicing the loan.
The portfolio is 100 percent leased to Jacobson Companies, a warehousing and distribution firm. The portfolio properties are in close proximity to major highways and interstates allowing fast transportation to Baltimore, Philadelphia, Washington, D.C., New York City and Boston.
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