HFF Closes Industrial Portfolio Sale

AUSTIN—HFF has closed the sale of and secured $26.35 million in acquisition financing for three industrial/flex facility portfolios that total eight properties and 594,469 square feet in Austin and the Dallas-Fort Worth area.

HFF marketed the three portfolios on behalf of separate sellers:  Americo Real Estate Ltd. (Americo); Vintage Interests and an unnamed seller.  Working on behalf of the buyer and borrower, KFG Investment Co. (KFG), HFF secured three separate 10-year, fixed-rate loans through Unum Life Insurance Co. of America, including the $10.35 million loan for the four-property Dallas-Fort Worth (DFW) portfolio, sold by Americo; the $5.5 million loan for a two-property portfolio in Plano, sold by Vintage Interests; and the $10.5 million loan for a two-property portfolio in Austin.  HFF is servicing all three loans.