Printer-friendly version FLORHAM PARK, NJ - January 8, 2014 – HFF announced today that it has secured a $6.4 million refinancing for Port Columbus Executive Park, a three-building, 124,922-square-foot office portfolio in Columbus, Ohio.
HFF worked on behalf of the borrower, Bergman Real Estate Group, to secure the 10-year, fixed-rate loan through Natixis Real Estate Capital, Inc. Loan proceeds were used to replace existing financing on the property. HFF will also service the securitized loan.
Port Columbus Executive Park is comprised of 2720, 2740 and 2760 Airport Drive, three office buildings that are 89 percent leased overall to 13 tenants including Lockheed Martin, AFLAC, Quest Diagnostics and Ohio State University. The properties are situated on nearly 10 acres at the entrance of the Port Columbus International Airport, close to Interstate 670 about five miles northeast of downtown Columbus.
The HFF team representing the borrower was led by director Michael Klein.
“The borrower was seeking a fixed-rate loan that would enable them to maximize proceeds and to take interest rate risk off the table for as long as possible,” said Klein. “Natixis was able to provide a structure that allowed Bergman Real Estate Group to meet their goals while minimizing the amount of structure required for future tenant roll.”
Bergman Real Estate Group is a 25-year old, privately-owned real estate investment and management firm that specializes in the acquisition, ownership, management, leasing and construction supervision of commercial office properties throughout New Jersey and other select markets, including Columbus, Ohio.
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.