HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, Texas
HOUSTON, TX – April 12, 2018 – HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas.
The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG). Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas.
Completed in the fourth quarter 2017, the Lonza Viral Therapy Facility is fully-leased on a long-term, triple net basis to Lonza America, Inc., a wholly owned subsidiary of Lonza Group AG, a leading Swiss biotechnology and pharmaceutical company. The property is touted as the world’s largest cell and gene therapy facility housing office space, a process development unit, quality control laboratories, a fully segregated fill/finish suite and independent modular cleanrooms designed to manufacture cell therapy products. The facility is situated on 11.01 acres at 14905 Kirby Drive in Pearland’s rapidly growing Lower Kirby Urban District. The Lower Kirby Urban District is a 1,200-acre site that seeks to become a primary life science destination building upon its location at the intersection of Beltway 8 and State Highway 288, just eight miles south of the Texas Medical Center, the largest medical district in the world.
HFF’s investment advisory and debt placement teams included senior managing director Jeff Hollinden and senior director Cameron Cureton.
Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.
About Pinchal & Co
Pinchal & Company is a privately owned real estate investment company that focuses on development, acquisition, operation and portfolio management throughout the United States.
About Zeller Realty Group
Zeller Realty Group (ZRG) is a vertically integrated commercial real estate investment and development firm that has offered investors exceptional expertise, innovation, and insight to value for 30 years. ZRG strategically selects properties for value creation, repositioning and reintroduction to their markets, while maximizing efficiency by providing a full spectrum of real estate services, including development, leasing, management, and construction. Headquartered in Chicago, Illinois, ZRG owns and operates assets in the Midwest, Colorado, Oregon, and Georgia and continues to grow and expand its holdings nationally. Since its formation, the company has delivered strong returns for its partners and co-investors by providing best-in-class service to enhance value. Currently, ZRG owns and operates a portfolio of nearly 9.5 million square feet valued at $2.5 billion. For more information, please visit: zellerrealty.com.
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.