Saturday, April 29, 2017

HFF arranges $11.1 million financing for four-building industrial portfolio in Atlanta, GA

Ken Martin
INDIANAPOLIS, IN –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $11.1 million in acquisition financing for a fully-leased, four-building industrial portfolio totaling 409,851 square feet in the metropolitan Atlanta area.

HFF worked on behalf of the borrower, Citimark, Inc. (Citimark), to place the seven-year, fixed-rate loan with 40/86 Mortgage Capital, Inc.  

This acquisition signals Citimark entry into the Atlanta market, forwarding Citimark’s strategy of purchasing infill Class A and B small bay industrial properties in primary markets in the United States.

The portfolio comprises Airport Plaza 2 and 3 at 470 and 472 Plaza Drive in College Park near Hartsfield International Airport; Atlanta Northeast 11 at 4164 Northeast Expressway in Doraville, which is located in the Interstate 85 Northeast submarket at the intersection of Interstate 85 and Interstate 285; and Royal Industrial Center 3 at 5025 North Royal Atlanta Drive in Tucker, also in the Interstate 85 Northeast submarket. 

The buildings were all developed between 1970 and 1985, have clear heights ranging from 18’ to 24’ and were 100 percent leased at acquisition. 

The HFF debt placement team representing the borrower was led by director Ken Martin.

Tim Hoffman
“Atlanta serves as the industrial hub of the southeast, and as Citimark continues to grow its industrial presence nationally, it’s important that we establish and grow a presence there,” said Citimark CIO Tim Hoffman.  “The fundamentals in Atlanta remain strong, and we feel there will continue be opportunities to grow our footprint in the market.”

HFF’s Industrial Group is extremely active in the southeastern United States, having closed more than 100 investment sales and debt placement transactions involving more than 84 million square feet in the last five years.

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

Kristen M. Murphy
Director, Public Relations
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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