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Hines funded the purchase with proceeds from its stock offering and a $65.5 million mortgage provided by Allianz Life Insurance Co. of North America. The loan matures in August 2019 and has an interest rate of 3.5 percent.
the two four-story buildings are 90 percent occupied
est. price is north of $40Mln; consists of 4 buildings on the 6600 to 6800 blocks of France Avenue South
Fingerhut Cos. Inc. last year left nearly 80,000 sf of sublease space in the new building, but Alliant Techsystems signd long-term lease for 80% of the building.
The building was to sell for between $35.2 million to $33.6 million.
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© 2023 Commercial Real Estate Direct All rights reserved..