HFF arranges first mortgage financing for USPS Circle City Station in downtown Indianapolis

The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged first mortgage financing for the United States Postal Service (USPS) Circle City Station Building in downtown Indianapolis, Indiana.

HFF associate director David Ross and managing director Jon Everson worked on behalf of Park Meridian Associates, LLC to secure the 10-year, fixed-rate loan through American Equity Investment Life Insurance Company. The loan will be serviced by HFF. Park Meridian Associates is a multiple-asset entity that has owned the property since 1978.

The USPS Circle City Station is located at 456 North Meridian Street close to University Park in downtown Indianapolis. The property is a 54,000-square-foot three-story building that is fully leased to the USPS and is managed and maintained by Acorn Group, a related entity of the borrower.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.