DALLAS, TX – HFF announced today that it has secured $15 million in financing for a 513,734-square-foot distribution center that is fully leased to ASICS America in Byhalia, Mississippi. Working exclusively on behalf of the borrower, an affiliate of Lexington Realty Trust, HFF placed the five-year, 4.71 percent loan with The Northwestern Mutual Life Insurance Company. Loan proceeds were used to acquire the property.
The property was completed in April 2011 as a built-to-suit for ASICS America. Located at 459 Wingo Road, the property is about 25 miles southeast of downtown Memphis in Byhalia.
The HFF team representing Lexington Realty Trust was led by director Brandon Chavoya. (lower right photo)
Lexington Realty Trust (NYSE:LXP) is a leading investor in single-tenant commercial properties across the nation, which are generally net-leased to major corporations.
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Contacts:
C. Brandon Chavoya, HFF Director, (214) 265-0880, bchavoya@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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