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| Lewis D. Friedland |
DALLAS, TX – HFF announced today that it has closed the sale
of a 14-building, 1.4 million-square-foot industrial portfolio in Dallas, Texas
on behalf of Cobalt Capital Partners, L.P., advisor to Cobalt Industrial REIT.
The portfolio was 96
percent leased to 28 quality tenants with an average remaining lease term of
six years. The buildings were purchased
between 2003 and 2007 and remained well-leased during Cobalt’s ownership.
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| Randy Baird |
“This portfolio of assets was well-leased to a group of
financially strong tenants, which made it attractive to market the buildings
for sale,” said Lewis D. Friedland, Cobalt’s managing partner.
“Our asset
management and property management teams did a great job of creating value
through leasing activity and tenant retention, which maximized the value for
our investors.”
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| Jud Clements |
HFF’s Randy Baird, Jud Clements and Robby Rieke
exclusively represented Cobalt in the transaction.
Cobalt Capital Partners, a Dallas-based private equity firm
invests in light industrial property in major metropolitan markets throughout
the United States.
Cobalt Industrial REIT is a private REIT advised by Cobalt
Capital Partners. Across its national platform,
Cobalt Capital Partners entities own more than 29 million square feet of light
industrial space in 17 major metropolitan markets.
 |
| Robby Rieke |
For information on
Cobalt Capital Partners or to submit an investment for review, please visit our
website www.cobaltcapitalpartners.com.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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