Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured $98.8 million in acquisition financing for an eight-property portfolio that is 100 percent leased to FedEx® and totals 1.49 million square feet in California, Florida, Illinois, New Jersey and Texas.
HFF worked on behalf of the borrower, Pure Industrial Real Estate Trust, to arrange the seven-year, fixed-rate loan through Guggenheim Commercial Real Estate Finance’s Chicago office.
The following properties are located in Illinois:
Property Location City SF
7800 Turkey Hollow Road Rock Island, IL, 61264 189,926
1234 Peterson Drive Wheeling, IL, 60090 147,006
The HFF debt placement team representing the borrower was led by director Kenneth Martin and real estate analyst Federico Boscaini.
