Printer-friendly version CHICAGO, IL - March 31, 2014 – HFF announced today that it has arranged $19.8 million in financing for Cantera Meadows, a 203,842-square-foot, Class A office property in Warrenville, Illinois.
HFF worked on behalf of Adventus Realty Services, Inc. (as trustee for Adventus Realty Trust) to secure the 10-year, 4.98 percent, fixed-rate loan with JPMorgan Chase Bank, National Association. The securitized loan was used to purchase the property and will be serviced by HFF.
Cantera Meadows is located on an 11.8-acre site at 28100 Torch Parkway along the north side of Interstate 88 at the Winfield Road interchange. The property is within the Cantera master-planned development in Chicago’s western suburbs. Completed in 1997 and renovated in 2011, the eight-story property features a full-service cafeteria, fitness center, multiple conference facilities and parking for 810 vehicles. Tenants at the 92 percent leased property include EN Engineering, LLC, Patterson Medical Supply, Inc. and Symbria, Inc.
The HFF debt placement team was led by managing director Christopher Carroll.
Adventus Realty Trust is a private Real Estate Investment Trust (REIT) formed in early 2012. Adventus is based in Vancouver, British Columbia, Canada, and is focused on US income producing commercial real estate, primarily in the suburban office market of Chicago, Illinois.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.