Integrated Health Campus is a 301,000-square-foot, two-building medical office building in Allentown, Pennsylvania. (Photo courtesy of HFF)
PHILADELPHIA, PA – September 26, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $53 million first mortgage financing of Integrated Health Campus, a 301,000-square-foot, two-building medical office building in Allentown, Pennsylvania.
The HFF team worked on behalf of the borrower, Integrated Health Campus LP, to secure the 10-year, 4.34 percent, fixed-rate mortgage.
Integrated Health Campus is situated on more than 21 acres at 240-250 Cetronia Drive in the West End submarket of Allentown. The property is adjacent to Interstate 476, providing the asset with exposure to more than 42,000 vehicles per day and is within minutes of Interstate 78, U.S. Route 22 and PA Route 309, offering regional access throughout the Lehigh Valley and Greater Philadelphia area. Additionally, Integrated Health Campus is positioned adjacent to Tilghman Square, a neighborhood power retail center. Completed in 2007, the property is 83.7 percent leased to tenants, including Orthopaedic Associates of Allentown, St. Luke’s Hospital of Bethlehem, Lehigh Valley Health Network and Surgery Center of Allentown.
The HFF debt placement team representing the borrower included managing director Ryan Ade, senior director Ben Appel and director Neil Campbell.
About HFF
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
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CONTACTS:
RYAN ADE
HFF Managing Director
(484) 532-4200
NEIL CAMPBELL
HFF Director
(484) 532-4200
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com
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