Thursday, December 6, 2012

HFF secures $9.3 million construction loan for spec industrial development in Miami



Eric Tupler
 DENVER, CO – HFF announced today that it has secured a $9.3 million construction loan for a185, 520-square-foot, Class A spec industrial development in Medley, Florida.

                Working on behalf of Industrial Income Trust, HFF placed the three-year construction loan with a national bank.

                The project is situated on an 8.8-acre site near Miami’s most important transportation arteries including the Florida Turnpike, Okeechobee Road, the Palmetto Expressway and Route 27. 

Jim Dockerty
The site also has direct rail access on site through the Florida East Coast Railway, which links the development to 351 miles of rail along Florida’s east coast as well as South Florida’s major ports.

                The HFF team representing Industrial Income Trust was led by senior managing director Eric Tupler, managing director Jim Dockerty and director Josh Simon.

                As of September 30, 2012, Industrial Income Trust owned and managed a portfolio of consolidated and unconsolidated properties that included 173 industrial buildings totaling approximately 33.3 million square feet with 329 customers in 18 major industrial markets throughout the U.S.

Josh Simon
 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |



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