 |
| Eric Tupler |
DENVER, CO – HFF announced today that it has secured a $9.3
million construction loan for a185, 520-square-foot, Class A spec industrial
development in Medley, Florida.
Working on behalf of Industrial
Income Trust, HFF placed the three-year construction loan with a national bank.
The
project is situated on an 8.8-acre site near Miami’s most important
transportation arteries including the Florida Turnpike, Okeechobee Road, the
Palmetto Expressway and Route 27.
 |
| Jim Dockerty |
The site also has direct rail access on site through the
Florida East Coast Railway, which links the development to 351 miles of rail
along Florida’s east coast as well as South Florida’s major ports.
The
HFF team representing Industrial Income Trust was led by senior managing
director Eric Tupler, managing director Jim Dockerty and director
Josh Simon.
As of
September 30, 2012, Industrial Income Trust owned and managed a portfolio of
consolidated and unconsolidated properties that included 173 industrial
buildings totaling approximately 33.3 million square feet with 329 customers in
18 major industrial markets throughout the U.S.
 |
| Josh Simon |
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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