CHICAGO, IL – HFF announced today that it has secured $10.1 million in financing for Mill Run Medical Center, a 99,553-square-foot, Class A medical office building in the northwestern Columbus suburb of Hilliard, Ohio.
HFF worked exclusively on behalf of the borrower, Atkins Companies, to secure a five-year, fixed-rate loan through Aetna Life Insurance Company. HFF is servicing the loan.
Mill Run Medical Center, known as Mill Run, is situated on 10.812 acres at 3641-3731 Ridge Mill Drive in Hilliard approximately one mile from the Jack Nicklaus Freeway (Interstate 270). The center is within 10 miles of six major hospitals and clinics, including the 971-bed Ohio State University’s Wexner Medical Center, the 92-bed Dublin Methodist Hospital and the 25-bed Doctors Hospital. Anchored by Ohio State University Physicians and Ohio State University Internal Medicine, the one-story property is leased to six tenants.
The HFF team was led by managing director Matthew Schoenfeldt, associate director Jason Bond and real estate analyst Daniel Kearns.
“HFF is very pleased to have assisted the Atkins Companies in securing acquisition and value-add financing for Mill Run,” Bond said.
The Atkins Companies is an industry-leading, award-winning, New Jersey-based real estate organization active in the development and management of high-quality commercial, retail and residential properties throughout New Jersey and beyond. Atkins specializes in owning and operating medical office buildings throughout the country and continues to look for acquisition opportunities. Responsible for more than a million square feet of space, they are committed to carefully-planned corporate growth and diversification as they continue to strengthen their leadership position.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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 hfflp.com or follow HFF on Twitter @HFF.
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