ATLANTA, GA – HFF announced today that it has arranged $130 million in financing for an 11-property, 2.9 million-square-foot industrial portfolio located in five states.
 |
| Mark Sixour |
Working on behalf of Industrial Developments International, Incorporated (IDI),
HFF placed a $99.8 million, three-year, floating-rate first mortgage loan with
Wells Fargo Bank. A $30.2 million mezzanine loan was sourced through AEW
Capital Management.
The properties are comprised of Class A logistics and bulk
distribution industrial facilities located near major interstates, airports and
ports in their respective markets. Overall the portfolio is 79 percent
occupied. Key tenants include Walgreen’s L’OREAL, Menlo Logistics, Red
Bull, Valspar and ADT Security. Individual property details are listed
below:
Property
Address
Property Size
Greenspoint Business Center A 11710 North
Freeway, Houston,
TX
54,818 SF
Greenspoint Business Center B 51 Esplanade
Road, Houston,
TX
106,700 SF
Greenspoint Business Center D 101
Esplanade Road, Houston,
TX
244,557 SF
Madison Business Center
A 4406 Madison
Industrial Lane, Tampa,
FL
385,619 SF
Miramar Business Center
F 11650
Miramar Parkway, Miramar,
FL
63,010 SF
Miramar Centre
A
15701 SW 29th Street, Miramar,
FL
264,074 SF
Northport Industrial
Center 699
Kapkowski Road, Elizabeth,
NJ
342,705 SF
Park South Building
E
60 Logistics Boulevard, Walton,
KY
678,363 SF
Port Union Building
J
7390-7410 Union Centre, Fairfield,
OH
109,063 SF
Rock Run Business Park
IX 4101
Olympic Boulevard, Joliet,
IL
339,741 SF
Rock Run Business Park
VIII 4500 Rock
Creek Boulevard, Joliet,
IL
352,500 SF
The HFF team representing the borrower was led by senior
managing director Mark Sixour.
IDI is one of the largest privately-held real estate property companies in
North America focused exclusively on the industrial sector.
The company,
headquartered in Atlanta and serving 25 markets, provides development,
investment management and property management and leasing services to
corporations, property owners, investors, financial institutions and real
estate service providers.
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 | www.hfflp.com
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