Monday, April 25, 2011

HFF secures $7.25 million financing for sale/leaseback transaction in Irving, TX


DALLAS, TX – HFF announced today that it has secured $7.25 million in financing for the sale/leaseback of BancTec Corporate Campus (top left photo), a 310,518-square-foot, three-building complex in Irving, Texas.

Working exclusively on behalf of an affiliate of Angelo Gordon & Company, HFF placed the 10-year, fixed-rate loan with Morgan Stanley Mortgage Capital Holdings.

  Loan proceeds were used to acquire the property in a sale/leaseback transaction to BancTec.  The securitized loan will be serviced by HFF.

BancTec Corporate Campus includes three buildings with 79,418 square feet of office space and 231,000 square feet of industrial space that is fully leased to BancTec, a mid-market data processing and service company. 

 The property is located on 50 acres at 2701 East Grauwyler between downtown Dallas and Fort Worth in Irving.

The HFF team representing Angelo Gordon & Company was led by managing director Steve Heldenfels and director Brandon Chavoya (lower right photo).

Angelo, Gordon & Co. is a privately-held registered investment advisor dedicated to alternative investing.  The firm was founded in 1988 and currently manages approximately $23 billion.

Steven C. Heldenfels, HFF Managing Director, (214) 265-0880,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500             

No comments: