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Brokerage
Posted: August 8, 2011
HFF and Atlantic Mortgage arrange $72 million financing for 13-office portfolio
HFF has arranged $72 million in financing for 13 office properties totaling 913,717 s/f in Richmond and Glen Allen.
HFF, teaming with Atlantic Mortgage & Investment Co., worked exclusively on behalf of the borrower to secure the three-year, adjustable-rate loan for the acquisition of the properties.
The portfolio is 96% leased overall to tenants including Capital One, Wells Fargo, JP Morgan Chase, Allstate, Colonial Life and Suncom Wireless. The properties are close to Interstates 64, 295, 288 and U.S. 250. Eight of the 13 are located within the Innsbrook Corporate Center, an 850-acre mixed-use urban park.
HFF and Atlantic Mortgage & Investment Co. arranged financing for Lingerfelt Development for the acquisition of the portfolio. The HFF team was led by senior managing director Jay Marshall, who worked with principals Tom Mueller and David Howard of Atlantic Mortgage & Investment Co.
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