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| Tracey Goo |
CHARLOTTE, NC –– HFF announces the $4.3 million
sale-leaseback of a 110,000-square-foot industrial facility that is triple net
leased to Keywell Metals in the suburban Charlotte community of Matthews, North
Carolina.
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| Maxx Carney |
The HFF team represented the seller, Prophet Equity, a
Southlake, Texas-based private equity firm that acquired Keywell Metals in
2014. AIC Ventures purchased the asset.
The facility is the mission-critical processing facility and
headquarters for Keywell Metals, a metalworks company that is a leading
supplier of recycled titanium, high-temperature alloys and stainless
steel.
Situated on 7.45 acres at 1035
Commercial Drive, the facility is in Matthews, one of Charlotte's most densely
populated and well-established residential suburbs.
The property is adjacent to a CSX
rail line and has immediate access to Interstate 485, a major loop encircling
Charlotte, and U.S. Route 74, a main artery connecting Ashville, Charlotte and
Wilmington.
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| Kenny Cutler |
The HFF investment advisory team representing the seller was
led by directors Tracey Goo and Maxx Carney, associate Mike
Massardo and real estate analyst Kenny Cutler, along with senior
managing director Christopher Norvell.
“The Matthews facility is a very strategic location for
Keywell, and it is critical for their business operations that they remain at
the property in a long-term lease with renewal options,” Goo said.
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| Chris Norvell |
“We anticipate we will continue to see more and more sale-leaseback transactions nationally, as corporate owner/users of well-located facilities seek to take advantage of investors’ strong appetite for industrial product.”
“The Matthews facility is a key part of the Keywell strategy
for growth and delivery of value to our customers,” said David Rex, managing
director and general counsel for Prophet Equity.
“With HFF’s deep expertise and business-focused guidance,
Keywell was able to successfully execute a very complicated sale-leaseback
transaction on market-based terms. We couldn’t be more pleased.”
Holliday GP Corp. (“HFF”) is a North Carolina licensed real
estate broker.
CONTACTS:
TRACEY GOO
HFF Director
(310) 407-2100
CHRISTOPHER NORVELL, SIOR
NC Lic. #240226
HFF Senior Managing Director
(704) 526-2800
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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