Done Deals: HFF announces $36.6 million acquisition financing for Class A warehouse facility near Columbus, OH

Tuesday, February 5, 2019

HFF announces $36.6 million acquisition financing for Class A warehouse facility near Columbus, OH

Innovation Campus Within New Albany Business Park,
New Albany, OH

COLUMBUS, OH, Feb. 5, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $36.6 million acquisition financing for a state-of-the-art, two-building, Class A bulk warehouse portfolio totaling approximately 720,000 square feet within New Albany Business Park in the Columbus-area community of New Albany, Ohio.

Eric Tupler

The HFF team worked on behalf of PAULS Corp. and the borrower, Dream Industrial US Holdings Inc., to place the 10-year, 4.57-percent, fixed-rate loan including one-year of interest only with a national bank. The borrower purchased the assets in September 2018.

The two buildings are equipped with ample parking and docking, large floor-plates, wide column spacing and clear heights from 28 to 32 feet.

The portfolio is home to multiple tenants that provide manufacturing, packaging and distribution of retail products to national retailers, including the international retailer, L Brands. L Brands is the parent company to Victoria’s Secret, Bath & Body Works and many other retail stores.

L Brand’s has called the Columbus area its global headquarters since 1963 and has invested a considerable amount into New Albany as its primary distribution hub.

Kristian Lichtenfels

Situated on 39.06 acres at 8860 Smith’s Mill Road, the portfolio is located along eight miles of freeway and is adjacent to Ohio State Highway 161, which is accessible from five separate highway interchanges.

Furthermore, the portfolio is 14.3 miles from John Glenn Columbus International Airport and 25.5 miles from Rickenbacker International Port Authority, one of the world’s only cargo dedicated airports.

The HFF debt placement team representing the borrower included director Kristian Lichtenfels and senior managing director Eric Tupler.

CONTACTS:

KRISTIAN LICHTENFELS

HFF Director

(303) 515-8000

klichtenfels@hfflp.com

ERIC TUPLER

HFF Senior Managing Director

(303) 515-8000

etupler@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist