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Brokerage
Posted: February 6, 2009
Klein of HFF secures $27 million loan for 612,000 s/f Maryland warehouse
The New York office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $27 million loan for 7605 Dorsey Run Rd., a 612,900 s/f warehouse facility.
HFF director Steven Klein worked on behalf of Exeter Property Group to secure the five-year, adjustable-rate loan. New York Life Investment Management LLC, the real estate investment manager for New York Life Insurance Co., closed the loan. The class A warehouse facility was completed in 2006 and is nearly one-third leased to Iron Mountain.
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