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| Rebecca VanReken |
DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF)
announces the $67 million post-acquisition financing for a fully leased,
four-building, Class A industrial portfolio totaling two million square feet in
the Charlotte, North Carolina; Memphis, Tennessee; and Orlando, Florida, MSAs.
 |
| Kristian Lichtenfels |
The HFF team worked on behalf of PAULS Corp. and the borrower,
Dream Industrial US Holdings Inc., to place the nine-year, 3.96-percent,
fixed-rate loan with an insurance company.
The borrower purchased the assets in December 2017 and January 2018.
The portfolio comprises four Class A bulk warehouse buildings, two
of which are single-tenant and two are multi-tenant. The portfolio is 100
percent leased to a total of six tenants and features clear heights ranging from
25 to 32 feet, a total of 247 dock-high doors, 18 drive-in doors and
approximately four percent office finish.
 |
| Eric Tupler |
Two
cross-dock facilities in Memphis are the 885,000-square-foot Delta Point at
5605 Holmescrest Lane and the 500,000-square-foot Shelby V at 4770 Southpoint
Drive. The Charlotte-area property is a 471,744-square-foot cross-dock facility
at 860 Marine Drive in Rock Hill.
American Way is a front-and-side facility
containing 193,133 square feet at 7730 American Way in the Orlando-area
community of Groveland. All four buildings have easy access to main
thoroughfares and local airports.
The HFF debt placement team representing the borrower included
director Kristian Lichtenfels, senior managing director Eric Tupler,
senior director Cory Fowler and managing director Rebecca VanReken.
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| Cory Fowler |
“HFF is thrilled to have helped the great team at Dream Industrial
US Holdings Inc. in executing their strategy to expand ownership of industrial
assets in the U.S. by securing a great long-term loan with a strong portfolio
lender,” Lichtenfels said.
For more information, please contact:
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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