Tuesday, May 28, 2013

HFF arranges $11.29 million senior loan and $7.2 million preferred equity for suburban Cincinnati distribution center

West Chester, OH Distribution Center
 8778 – 8910 Le Saint Drive

 LOS ANGELES, CA – HFF announced today that it has arranged an $11.29 million senior loan and $7.2 million in preferred equity for a 697,500-square-foot distribution center located in West Chester, Ohio.

Paul Brindley
HFF worked exclusively on behalf of Cohen Asset Management, Inc. (“CAM”) to secure the $11.29 million, four-year, 3.25 percent fixed-rate loan through a leading life insurance company.  In addition, HFF also secured $7.2 million in preferred equity from Terra Capital Partners, LLC. 

Built in 2006, the facility is located at 8778 – 8910 Le Saint Drive approximately 17 miles north of downtown Cincinnati in the Tri-County submarket.

The HFF team representing the borrower was led by senior managing director Paul Brindley and senior real estate analyst Jeff Sause.

Established in 1992, Cohen Asset Management, Inc. is a national owner and operator of commercial property with a primary focus on industrial real estate.  Cohen Asset Management, Inc. is strategically headquartered in Southern California with a regional office in northern New Jersey.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873

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