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| Matthew Schoenfeldt |
CHICAGO, IL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $100.2 million in
acquisition financing for an eight-property, Class A industrial portfolio
totaling 3.9 million square feet in the Indianapolis metropolitan area.
HFF worked on behalf of
the borrower, a joint venture between Biynah Industrial Partners, L.L.C. and
Olympus Ventures, to place the 10-year, fixed-rate loan with an international
life insurance company. HFF will service
the loan, which was used to purchase the portfolio.
The institutional-quality
assets were built between 1997 and 2013 and range in size from 282,000 to 1.3
million square feet with clear heights of 28’ to 32’.
The portfolio is more than 95 percent leased
to a roster of credit-rated tenants, including Sur La Table, OHL/GEODIS and the
United States Postal Service.
The eight buildings that comprise the
portfolio are situated on a total of 209 acres on the western side of
Indianapolis. The four Plainfield
properties – 1100 and 1101 Whitaker Road, 2450 Stanley Road and 3100 Reeves
Road – and three of the Indianapolis facilities – 7451 and 7452 Tempelhof Drive
and 710 South Girls School Road – are proximate to Indianapolis International
Airport, home of the second largest FedEx hub in the world.
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| Ken Martin |
The Brownsburg facility, 901 East Northfield
Drive, is located just off Interstate 74, which connects Indianapolis to the
central Illinois, Iowa and Chicago markets.
The HFF debt placement
team was led by managing director Matthew
Schoenfeldt and director Ken Martin.
“This debt placement
effort ranks among the most competitive in my two-decade career,” Schoenfeldt
said. “The blue-chip life company lender
who won the assignment stepped-up in impressive fashion, differentiating
themselves with a combination of blockbuster terms and the smooth, seamless
delivery on which they have built their impeccable reputation.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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