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| Ken Martin |
INDIANAPOLIS, IN ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $11.1 million in
acquisition financing for a fully-leased, four-building industrial portfolio
totaling 409,851 square feet in the metropolitan Atlanta area.
HFF worked on behalf of
the borrower, Citimark, Inc. (Citimark), to place the seven-year, fixed-rate
loan with 40/86 Mortgage Capital, Inc.
This acquisition signals Citimark entry into the Atlanta market,
forwarding Citimark’s strategy of purchasing infill Class A and B small bay
industrial properties in primary markets in the United States.
The portfolio comprises
Airport Plaza 2 and 3 at 470 and 472 Plaza Drive in College Park near
Hartsfield International Airport; Atlanta Northeast 11 at 4164 Northeast
Expressway in Doraville, which is located in the Interstate 85 Northeast
submarket at the intersection of Interstate 85 and Interstate 285; and Royal Industrial
Center 3 at 5025 North Royal Atlanta Drive in Tucker, also in the Interstate 85
Northeast submarket.
The buildings were all
developed between 1970 and 1985, have clear heights ranging from 18’ to 24’ and
were 100 percent leased at acquisition.
The HFF debt placement
team representing the borrower was led by director Ken Martin.
 |
| Tim Hoffman |
HFF’s Industrial Group is
extremely active in the southeastern United States, having closed more than 100
investment sales and debt placement transactions involving more than 84 million
square feet in the last five years.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
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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