DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has been named to market for sale a 16-building, 1,950,000-square-foot, 99.7% leased industrial portfolio located in Oklahoma City and Tulsa, Oklahoma.
The HFF investment sales team will be led by managing director Jud Clements (top right photo) and director Robby Rieke (middle left photo) who are marketing the portfolio on behalf of the seller, The Gardner Tanenbaum Group.
The Gardner Tanenbaum Group is based in Oklahoma City and is a fully-integrated real estate development company with more than 60 years of experience.
The portfolio is being offered in two separate sub-portfolios as the portfolio is encumbered with two attractive assumable debt options that run through March 2015 and January 2016 that will enhance the overall returns. The two portfolios are being offered individually or as a single portfolio transaction.
The portfolio is currently leased to 40 tenants with an average remaining lease term of approximately five years. Tenants include L-3 Communications, Northrop Grumman, ACS, Sherwin-Williams and Carrier Corporation, to name a few.
“The portfolio has had an average occupancy in excess of 99% since 2006, evidencing the strength of the overall portfolio,” said Clements.
Contacts:
Judson Clements, HFF Managing Director, (214) 265-0880, jclements@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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