FLORHAM PARK, NJ – HFF announced today that it has arranged a $221.8 million financing for a 96-percent-occupied portfolio consisting of 30 retail centers, office and medical office properties totaling approximately 2 million square feet in Pennsylvania and Maryland.
HFF exclusively represented Paramount Realty Services in the transaction. The financing was closed with a portfolio lender.
The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Jim Cadranell and associate directors Samuel Seiden and Michael Cerulo.
“We were excited to be a part of such an important transaction for Paramount Realty as they grow and expand their portfolio into Central Pennsylvania and Maryland,” Mikula said.
Paramount Realty Services, Inc. was founded in 1994 as a full-service commercial real estate firm specializing in retail real estate in the Northeast. Paramount Realty owns and operates more than seven million square feet of shopping centers throughout New Jersey, Connecticut, Massachusetts, Maryland and Pennsylvania.
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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