HFF Snags $150M Recap For Conn. Retail Portfolio

Law360, New York (March 14, 2014, 2:31 PM EDT) -- Connecticut-based real estate developer Kleban Properties has obtained a $150 million joint venture equity recapitalization for three properties covering more than 300,000 square feet in Fairfield, Conn., real estate capital markets firm HFF LP announced Thursday.

HFF secured the financing for Kleban through real estate investment trust Regency Centers Corp., and the proceeds will be used to acquire a majority interest in the retail properties. They include two high-street retail assets in downtown Fairfield and one at a busy nearby intersection.

“These properties represent some of...
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