News: Front Section
Posted: January 12, 2012
HFF secures $9.7 million financing for six CVS properties in Florida
Holliday Fenoglio Fowler, LP has arranged $9.7 million in acquisition financing for a portfolio of six CVS Pharmacy stores totaling 56,015 s/f in Florida.
HFF worked on behalf of The Hampshire Companies to secure the seven-year, fixed-rate loan through a life insurance company. Loan proceeds were used to acquire the property. HFF will also service the loan.
The CVS Pharmacy stores are located in Vero Beach, Gainesville, Orlando (two properties), Sarasota and St. Petersburg.
The HFF team representing The Hampshire Companies included director Michael Klein, senior managing director Jon Mikula and associate director Paul Hsu.
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