INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $20.25 million refinancing for a recently constructed office/laboratory building on the campus of Dow AgroSciences’ global headquarters in Indianapolis. (top left rendering)
HFF senior managing director David Keller (middle right photo) and managing director Jon Everson (lower left photo) worked exclusively on behalf of Red Diamond Associates LLC, an entity controlled and managed by Browning Investments, to secure the 18-year fixed-rate loan through John Hancock Life Insurance Company, a correspondent life insurance company lender.
The loan will be serviced by HFF.
“The borrower was motivated to maximize the benefit of a new long-term credit lease, and was able to lock in a competitive fixed interest rate through a life company early rate lock prior to the recent rise in treasuries,” said Everson.
Browning Investments is a leading Indianapolis-based developer engaged in the acquisition, ownership, development, construction, leasing, management and disposition of investment real estate properties since 1977.
David B. Keller, HFF Senior Managing Director, (317) 632-7500 dbkeller@hfflp.com
Jonathan P. Everson, HFF Managing Director, (317) 632-7505 jeverson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com
krmurphy@hfflp.com
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