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$139 Million Financing for Four-Property Retail Portfolio Arranged by HFF

WASHINGTON, D.C.--(BUSINESS WIRE)--Aug. 11, 2009-- The Washington, D.C. and Boston offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they have arranged $139 million in financing for a four-property retail portfolio in Virginia.

HFF senior managing director Todd Stressenger, managing director Mark Remington and director Coleman Benedict worked exclusively on behalf of the borrower, Federal Realty Investment Trust. Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc., provided the five-year, fixed-rate loan for the portfolio, which was previously unencumbered with debt. The transaction closed in early June.

“HFF obtained a $139 million loan from Prudential Mortgage Capital Company, a strong achievement in this challenging credit environment,” said Remington.

The portfolio totals 867,404 square feet. Individual property details are listed below:

Property

     

Size

     

Year Built/Renovated

     

Anchor Tenant

Idylwood Plaza 73,382 Square Feet 1991 Whole Foods
Falls Church, VA
 
Leesburg Plaza 235,528 Square Feet 1967/2007 Giant
Leesburg, VA
 
Loehmann’s Plaza 261,894 Square Feet 1971/2007 Giant
Falls Church, VA
 
Pentagon Row 296,600 Square Feet 2001-2002 Harris Teeter
Arlington, VA

Federal Realty Investment Trust is a publicly-traded real estate investment trust that has a current portfolio of 83 retail assets totaling 18.1 million square feet.

HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.

Source: HFF

HFF
HFF Senior Managing Director
TODD S. STRESSENGER, 617-338-0990
tstressenger@hfflp.com
or
HFF Managing Director
MARK T. REMINGTON, 202-533-2500
mremington@hfflp.com
or
HFF Associate Director, Marketing
KRISTEN M. MURPHY, 713-852-3500
krmurphy@hfflp.com