Texas-based commercial real estate company HFF announced Tuesday that its Florham Park office has secured a $29.05 million refinancing for a five-property, 649,586-square-foot portfolio located in Illinois and Florida.
HFF worked on behalf of Matawan-based Denholtz Associates to secure the five-year, fixed-rate loan through Natixis Real Estate Capital Inc., according to the announcement.
Loan proceeds were used to repay the existing mortgage. The portfolio is comprised of four assets in suburban Chicago, is 84 percent leased and contains 56 percent office space, 30 percent flex space and 13 percent warehouse/industrial space.
Digital content editor Joe Ross is @joeross on Twitter.