 |
| Part of Piret Industrial Portfolio |
 |
| Kenneth Martin |
INDIANAPOLIS,
IN – Holliday Fenoglio Fowler, L.P.
(HFF) announced it has secured $98.8 million in acquisition financing for an
eight-property portfolio that is 100 percent leased to FedEx® and totals 1.49
million square feet in California,
Florida, Illinois, New Jersey and Texas.
HFF worked
on behalf of the borrower, Pure Industrial Real Estate Trust, to arrange the
seven-year, fixed-rate loan through Guggenheim Commercial Real Estate Finance’s
Chicago office.
 |
| Federico Boscaini |
The HFF debt placement team representing the borrower was led by director Kenneth Martin and real estate analyst Federico Boscaini.
“HFF welcomed the opportunity to assist PIRET in securing financing for the portfolio acquisition, which represented PIRET’s first major investment in industrial real estate in the United States after years of success building a portfolio in Canada,” Martin said.
Property
Location City SF
200 Old
Ranch Road, City of Industry, CA, 91789
218,611 5731 Premier
Mark Drive, West Palm Beach, FL, 33407 119,165
7800 Turkey
Hollow Road, Rock Island, IL, 61264
189,926
1234
Peterson Drive, Wheeling, IL, 60090 147,006
5 Commerce
Drive,Barrington, NJ, 08007
200,61
1 Commerce
Center Drive, Dover, NJ, 07801 171,907
15904 Impact
Way, Pflugerville, TX, 78660
199,865
9929 and
9943 Doerr Lane, Schertz, TX, 78154 202,763
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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