Feb
22
HFF Arranges Financing for Orlando Industrial Portfolio
ByCypress Industrial Park consists of five single-story light industrial buildings.
Orlando, Fla.—HFF has arranged $12.9 million in acquisition financing for Cypress Industrial Park, a five-building light industrial portfolio totaling 256,838 square feet, located in southern Orlando, the company announced recently. The asset traded in January for approximately $19 million.
HFF worked on behalf of the borrower, Denholtz Associates to place the 10-year, fixed-rate loan with Principal Global Investors. Senior managing directors Jon Mikula and Michael Weinberg and Managing Director Michael Klein led the debt placement team representing the borrower…