Holliday Fenoglio Fowler, L.P. (HFF) announces $4 million in post-acquisition financing for Church Street Station South, a 50,888-square-foot, mixed-use property that houses a variety of popular restaurants and unique event spaces in downtown Orlando, Florida.
The HFF team worked on behalf of the borrower, a partnership between Lincoln Property Company and Mason Capital Partners, to secure a senior loan with Mercantil Bank.
The two-story Church Street Station South is located at 110-128 West Church Street and is part of historic Church Street Station, the primary restaurant and entertainment district in downtown Orlando. The borrower intends to directly integrate the property with their adjacent Church Street Plaza development, the first phase of which is a 28-story tower containing 215,000 square feet of Class A office, an AC Marriott hotel and a parking deck, all currently under construction. The property is visible from Interstate 4, which boasts traffic counts of more than 140,000 vehicles per day and is directly adjacent to a station along the SunRail, Orlando’s commuter rail system. With portions of the property originally built in 1886, this historic asset boasts some of the most unique and beautiful venues in the city and houses popular restaurants and event spaces, including Hamburger Mary’s, El Buda, Pepe’s Cantina, the Orchid Room and the Cheyanne Saloon.
The HFF debt placement team representing the borrower included senior managing director Michael Weinberg and managing director Rebecca Van Reken.
“The Church Street Plaza development is a landmark project that will further cement Church Street Station as the ‘go-to’ locale for downtown residents, employees, visitors and students to gather,” Van Reken said. “This historic property is a linchpin connecting Orlando’s past to its future.”
About Lincoln Property Company
Founded in Dallas, Texas, in 1965, LPC is a full-service, vertically integrated institutional investment and property services platform with offices in the United States and Europe. Since 1965, Lincoln has acquired and developed approximately $35 billion of residential and commercial property. LPC currently manages 356 million square feet of commercial property and 190,542 multifamily residential units for over 100 separate clients worldwide. For more information, please visit http://www.lpc.com.
About Mason Capital Partners
Mason Capital Partners (MCP) is a privately held, real estate investment vehicle whereby likeminded family offices and accredited investors can invest alongside leading real estate developers and owner operators, achieve a diversified portfolio, and benefit from having access to a highly selective, prescreened and fully underwritten pipeline of investment opportunities. Visit http://masoncp.com to learn more.
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.
