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Rochester, N.Y. and Cleveland, Ohio — HFF has arranged the $33.8 million refinancing of 21 single-tenant retail properties in metropolitan Rochester, New York, and Cleveland, Ohio.
The portfolio totals 65,588 square feet and is triple-net-leased to Wendy’s restaurants. Chris Hew, Dan Martin and Evan Parker of HFF arranged the 18.5-year, fixed-rate loan through Allegiant Real Estate Capital LP on behalf of the borrower, FX Net Lease Holdings LLC.