HFF, Inc. : HFF arranges $300 million financing for 59-building office portfolio in Silicon Valley SAN FRANCISCO, CA, June 24, 2013 -HFF announced today that it has arranged $300 million in financing for a 59-building office/R&D portfolio totaling 2.4 million square feet throughout the Silicon Valley. Working on behalf of a joint venture between two global investment managers, HFF placed the four percent, floating-rate loan with Blackstone Mortgage Trust, Inc. Proceeds were used to refinance existing debt. The 59-building portfolio encompasses three business parks and 38 standalone office buildings in five submarkets throughout the Silicon Valley - Mountain View, Sunnyvale, Santa Clara, San Jose and Milpitas. The portfolio is more than 80 percent leased to a diverse mix of tenants including Apple, SanDisk, The McGraw-Hill Company, Intel and Netflix. Constructed between 1959 and 2000, the properties have been institutionally maintained and are well suited to serve as corporate headquarters providing tenants with high visibility and abundant parking. The HFF team representing the borrower was led by senior managing directors Eric Tupler and Bruce Ganong, director Chris Gandy and associates Leon McBroom and Ed Brown. "This financing was an integral component of the overall portfolio strategy, which also included the recent HFF executed sales of Park Square and Marriott Business Park in Santa Clara. The Blackstone team provided a customized financing solution that complements the portfolio strategy, and they worked tirelessly to meet our client's condensed timeline," commented Ganong . Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that primarily originates and purchases senior mortgage loans collateralized by properties in the United States and Europe. The company is externally managed by BXMT Advisors L.L.C., a subsidiary of The Blackstone Group L.P. ("Blackstone"), and is a real estate investment trust traded on the NYSE under the symbol "BXMT." Blackstone Mortgage Trust, Inc. is headquartered in New York City. Further information is available at www.blackstonemortgagetrust.com. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 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 www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff. ### CONTACTS: ERIC TUPLER HFF Senior Managing Director (303) 515-8000 firstname.lastname@example.org BRUCE GANONG HFF Senior Managing Director (415) 276-6300 email@example.com KRISTEN MURPHY HFF Associate Director, Marketing (617) 338-0990 firstname.lastname@example.org ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: HFF, Inc. via Thomson Reuters ONE HUG#1711264
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HFF, Inc. : HFF arranges $300 million financing for 59-building office portfolio in Silicon Valley
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