Saturday, June 30, 2018

HFF announces $13.6 million financing of Class A industrial center near Orlando, FL

Chris Drew
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $13.6 million financing of Innovation Center at Lake Mary, a 565,927-square-foot, Class A, multi-tenant industrial property in the Orlando suburb of Lake Mary, Florida.

​The HFF team worked on behalf of the borrower, a joint venture between IP Capital Partners, LLC and Blue Vista Capital Management, to secure the floating-rate loan through NXT Capital.  Loan proceeds were used to fund the acquisition of the property and undertake a capital improvement project.

Innovation Center at Lake Mary consists of Class A bulk warehouse space that features clear heights ranging from 22 to 34 feet, 50 dock-high doors and three grade-level doors. 

Located at 2452 Lake Emma Road, the property is in in Lake Mary’s High-Tech corridor and situated along Interstate 4 ten miles north of downtown Orlando.
Matthew McCormack
 Innovation Center at Lake Mary has easy access to Florida’s highly traveled transportation arteries, including Interstate 95 and Florida’s Turnpike, and a Sun Rail hub is located 4.6 miles from the property. 

HFF’s debt placement team representing the borrower included senior managing director Chris Drew, director Maxx Carney and associate Matthew McCormack.

“The borrower’s expertise in the repositioning of industrial assets and Innovation Center’s central location will result in a successful and expeditious execution of the business plan,” Drew said.

IP Capital Partners, LLC is a private real estate investment and asset management firm headquartered in Boca Raton, Florida.  IP Capital was formed to focus exclusively on co-investing with various institutional and high net worth joint venture partners in office, retail and industrial real estate in the major growth markets of Florida. 

 For more information, please contact:

Kimberly Steele​
Digital Content/Public Relations Specialist
T: 713-852-3420

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