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$53M Financing for Allentown MOB

HFF secured $53 million in first mortgage financing for Integrated Health Campus, a two-building 301,000-square-foot medical office building in Allentown, PA. The HFF team worked on behalf of the borrower, Integrated Health Campus LP, to secure the 10-year, 4.34%, fixed-rate mortgage.

The property is situated on more than 21 acres at 240-250 Cetronia Dr. in the West End submarket. The campus is adjacent to Interstate 476, providing exposure to more than 42,000 vehicles per day and is within minutes of Interstate 78, U.S. Route 22 and PA Route 309.

Completed in 2007, the property is 83.7% leased to such tenants as Orthopaedic Associates of Allentown, St. Luke’s Hospital of Bethlehem, Lehigh Valley Health Network and Surgery Center of Allentown.

HFF’s debt placement team representing the borrower included Ryan Ade and Neil Campbell.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.