Dec
01
HFF Arranges $84M for Purchase of Metro Orlando Office Park
ByA Parmenter Realty Partners JV purchased the buildings from a trio of institutional investors, including foreign capital.
Lake Mary, Fla.—Holliday Fenoglio Fowler L.P. has arranged $84 million in financing for the acquisition of Primera Towers I–V, a five-building office park in this Orlando-area community. HFF worked on behalf of a Parmenter Realty Partners investment fund and an institutional equity partner to secure the $84 million loan through JPMorgan Chase Bank, N.A.
The park totals 772,000 square feet and consists of Primera Towers I–V, at 605, 610 and 615 Crescent Executive Court and 255 and 300 Primera Blvd. The park is 89 percent leased and features on-site fitness centers and a café with patio seating at the Primera III building…
