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HFF arranges $110.64M financing for 5-property multistate office and industrial portfolio

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Florham Park-based HFF announced Wednesday it has arranged $110.64 million in financing for a five-property office and industrial portfolio totaling 889,805 square feet in New Jersey, North Carolina, Ohio, Texas, and Arizona.

According to the announcement, HFF worked exclusively on behalf of Griffin Capital Corporation and five single-purpose borrowing entities, entirely owned by the operating partnership of Griffin Capital Essential Asset REIT Inc., to arrange the 15-year, 4.96 percent, non-recourse, fixed-rate loan through two life companies.

The New Jersey property is the 210,524-square-foot Verizon Building in Warren. The HFF team representing the borrower was led by senior managing director Kevin MacKenzie and director John Chun, along with regional support from managing directors Stephen Skok and Tucker Knight and director Michael Klein, HFF said in a statement.


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