594,469-SF DFW, Austin Industrial Space Trades in Three Transactions594,469-SF DFW, Austin Industrial Space Trades in Three Transactionshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=101632015-05-08T11:32:00Z2015-05-08T00:00:00Z

DALLAS (HFF) – HFF has closed the sale of and secured $26.35 million in acquisition financing for three industrial/flex facility portfolios totaling eight properties and 594,469 sf in Dallas-Fort Worth and Austin.

Working on behalf of the buyer and borrower, KFG Investment Company (KFG), HFF secured three separate ten-year, fixed-rate loans through Unum Life Insurance Company of America, including the $10.35 million loan for the four-property DFW portfolio, sold by Americo; the $5.5 million loan for a two-property portfolio in Plano, sold by Vintage Interests; and the $10.5 million loan for a two-property portfolio in Austin.

HFF is servicing all three loans.

The Class-A DFW portfolio consists of the 39,559-sf Beltline Business Center in Irving; the 39,181-sf 1600 10th St. in Plano; and the 80,791-sf TriStar Tech Center and 83,896-sf Carrier Place in Grand Prairie. The portfolio is 96 percent leased.

The two-property Plano portfolio consists of Summit Service Center, a 95,187-sf center totaling three buildings that is 98 percent occupied by 19 tenants, and the fully leased Jupiter Tech Center, which has 36,695 sf and six tenants.

The two-property, Class-A Austin portfolio consists of the 124,390-sf Techi Center, which has two shallow-bay buildings 100 percent occupied by four tenants, and the 94,770-sf, five-building Cameron Center, which is 94.7 percent leased to 11 tenants.

Dallas-Fort Worth-Arlington
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