Monday, July 29, 2013

Cobalt Capital Partners sells 1.4 million square foot Dallas, TX industrial portfolio




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. 

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.”

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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