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| MetroAir Business Park Building 3, Plainfield, IN |
Chicago, IL
– June 8, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it
has arranged $8.8 million in acquisition financing for MetroAir
Business Park Building 3 (MetroAir 3), a 248,336-square-foot,
100-percent-leased, Class A industrial facility in the Indianapolis suburb of
Plainfield, Indiana.
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| Matthew Schoenfeldt |
HFF worked
on behalf of the borrower, a joint venture between Meritex and an institutional
investor, to arrange the 10-year, fixed-rate loan with a top-tier life
insurance company.
Completed in
2008, MetroAir 3 is situated on 13.32 acres within the 1,200-acre MetroAir
Business Park.
The state-of-the-art
building features 28’ clear heights, 30 dock doors, 140’ rear loaded truck
court and six drive-in doors in addition to 280 parking spaces.
The building
is currently leased to three tenants:
Rolls Royce, Fiserv Solutions and Novitex Enterprise Solutions.
Located at 758 Columbia Road, the asset is in
the Plainfield submarket and delivers access to the Indianapolis International
Airport and the nearby Indianapolis loop, which provides connectivity to
Interstates 70, 79, 65 and 69.
The HFF debt
placement team representing the borrower was led by managing director Matthew Schoenfeldt and real estate
analyst Nicole Schmidt.
 |
| Nicole Schmidt |
“This is a
generational asset that checks all the boxes for a seasoned, savvy and
long-term investor like Meritex,” Schoenfeldt said.
“With an A-plus location, superior-quality
construction and tenants that are heavily-invested in their space all in a
highly adaptable facility, the lenders responded with gusto to this pairing of
a quality sponsor and a property that matches.”
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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