Monday, February 21, 2011

HFF arranges $9.99 million refinancing for fully-leased San Jose, CA industrial facility


SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $9.99 million refinancing for 940 Remillard Court, a 166,600-square-foot, fully-leased industrial/warehouse facility in San Jose, California.

Working exclusively on behalf of Remillard Court Holdings, LLC, HFF managing director Peter Smyslowski (top right photo) and director Kevin Redford (lower left photo) placed the 5.98 percent fixed-rate loan with Wells Fargo Bank.  The loan has a 10-year term and 30-year amortization schedule.  Loan proceeds are retiring a maturing loan on the property.

Situated on 7.6 acres in South San Jose, 940 Remillard Court is close to Interstates 101 and 280, the San Jose International Airport and downtown San Jose. 

Originally built in 1976, the property was fully renovated in 2000 and 2008, and is 100 percent occupied by tenants including Air Systems, Inc. and Legacy Transportation Services.

Remillard Court Holdings, LLC is an affiliate of Nearon Enterprises, a privately-held real estate investment company headquartered in Danville, California.

Contacts:  
Peter Smyslowski, HFF Managing Director, (415) 276-6300,  psmyslowski@hfflp.com
 Kevin Redford, HFF Director, (415) 276-6300, kredford@hfflp.com
 Kristen Murphy,  HFF Associate Director, Marketing, (713) 852-3500,                          

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