Search:
HSA Press Releases
news releases
home « HSA news « HSA news « recent press release « article

 

HSA COMMERCIAL REAL ESTATE'S FINANCE BROKERAGE DIVISION COMPLETES MORE THAN $310 MILLION IN FINANCING IN 2004
January 12, 2005

(Chicago – January 12, 2005) Melissa Pielet, principal and executive vice president of finance at HSA Commercial Real Estate, announced that the firm completed more than $310 million in financing transactions during 2004 on a variety of properties located across the United States. This marks the largest amount the finance brokerage division has ever completed in a single year.

The product types financed included industrial, retail, office, medical office and vacant land. The type of lenders and mortgage products were tailored to each property owner's investment strategy and the property's location. Some of the larger transactions include:

Financing in excess of $100 million for 4 regional malls in Iowa totaling 1,600,000 square feet.

  • Permanent financing of $6,600,000 for a 590,616-square foot office/industrial warehouse for a third-party client in Indianapolis , Indiana .
  • Acquisition financing of a 717,717-square foot business park in Milwaukee , Wisconsin in the amount of $28,800,000.
  • Permanent financing of $21,500,000 for a retail center in Broadview , Illinois .
  • $27,000,000 financing of the 205,729-square foot Columbia Mall in Grand Forks , North Dakota .
  • Acquisition financing for three medical office buildings totaling 115,000-square feet in Indiana and Illinois in the amount of $16,435,000

Since joining HSA, Pielet has financed more than 55 million square feet of properties valued at over $1.8 billion for HSA and third party owners. She is a recognized expert in the industry for her ability to customize financing transactions to meet the expectations of investors, along with working closely with a variety of commercial real estate lenders.

Celebrating more than 24 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 6,500 transactions in over 30 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 18 million square feet.

###

back to top