Holliday Fenoglio Fowler, L.P. (HFF) announces $18 million in debt financing and joint venture equity for three office properties totaling 87,809 square feet in Orlando, Florida. The properties are: 1646 33rd Street and Baldwin I and II, which are located at 4750 and 4776 New Broad Street.

The HFF team worked on behalf of Owens Realty Capital to identify a joint venture equity partner in Galium Capital, who provided $5 million for the recapitalization and acquisition of the properties. In addition, HFF arranged a $13 million, fixed-rate, seven-year first mortgage for the properties through Regions Bank on behalf of the partnership.

1646 33rd Street is fully leased and serves as the Orlando corporate headquarters of Owens Realty Capital, who occupies 9,997 square feet across three suites. Additional tenants at the 22,999-square-foot property include SkyBridge Resources, Orthopartners Inc., and Owens Realty Services. Completed in 2007, the three-story office building is one of the newest office properties in the Orlando Central Park submarket. 1646 33rd Street is located three miles south of downtown Orlando and three miles north of Millenia with easy access to Interstate 4, State Road 408 and Florida’s Turnpike.

Completed in 2003, Baldwin Park I and II are two-story office properties totaling 64,810 square feet. The fully-leased buildings are home to a variety of tenants spanning a wide range of industries, including architecture, construction, property management and healthcare. The properties are located at the heart of Village Center within Baldwin Park, an 1,100-acre master planned community, featuring a balance of residential, commercial and recreational uses just five miles from downtown Orlando. Owens Realty Capital also owns the adjacent Baldwin III building, which HFF secured acquisition financing for in 2016.

The HFF transaction team included senior managing director Michael Weinberg, managing director Rebecca Van Reken and senior director Robbie McEwan.

“This deal represented an opportunity for us to raise the entire capital stack including debt and equity for a valued client on high quality real estate,” Weinberg said. “We enjoy the complexity of these types of transactions and certainly respect the relationships with the groups involved.”

“We are thrilled to procure a strategic relationship between like-minded HFF clients such as Owens and Galium,” Van Reken added.

About Owens Realty Capital

Owens Reality Capital is a boutique investment management firm based in Orlando, Florida that owns, develops and operates commercial properties in Orlando and Tampa alongside its operating partner, Owens Realty Services. Owens Realty Services provides commercial real estate services for more than 40 million square feet of commercial real estate with a value of more than $8 billion in real estate net worth. Services include investment property management, public sector facility management, facility maintenance, commercial sales and leasing brokerage, arena maintenance management as well as janitorial maintenance services. The company employs more than 1,000 real estate industry professionals throughout the United States.

About Galium Capital

Galium Capital is a real estate investment and development company based in Miami, Florida with $300 million in assets under management. Led by Jacques Bessoudo and Iser Rabinovitz, Galium is an active value-add investor in the residential and commercial sectors. Learn more at www.galiumcapital.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.