Denholtz Associates, a privately-held development, investment and management company, secured a $29.05 million refinancing for a five-property portfolio in Illinois and Florida with proceeds used to repay the existing mortgage. Holliday Fenoglio Fowler (HFF) arranged the five-year, fixed-rate loan through Natixis Real Estate Capital, Inc.
"The portfolio's diverse tenancy and strong suburban locations made this an attractive assignment," said HFF director Michael Klein. "Natixis believed that the subject properties had strong leasing velocity and was confident in Denholtz's experience and track record with these assets."
The properties included in the portfolio include four buildings in suburban Chicago and one in Winter Park, Florida. The portfolio is currently 84% leased to 117 tenants. 56% of the portfolio is office space, 30% flex space, and 13% is warehouse/industrial space.
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