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| Jackie Ferrer |
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| Mike Tepedino |
HFF worked on behalf of the borrower, a joint venture partnership managed
by Robert Martin Company, to place the floating-rate loan with Bank of
America.
The portfolio comprises three light industrial parks in Westchester County, including Cross Westchester Executive Park (CWEP), Mid-Westchester Executive Park (MWEP) and South Westchester Executive Park (SWEP), along with Stamford Executive Park (SEP) in Connecticut.
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| Peter Lotchford |
Over the last 20 years, the portfolio has maintained
consistent occupancy of over 90%, demonstrating the robust demand for light
industrial space in the market.
The portfolio will continue to benefit from increased
industrial demand in markets that have notoriously difficult entitlement
processes and extreme scarcities of developable land, limiting new supply.
The HFF debt placement team representing the borrower was led by executive
managing director Mike Tepedino, senior director Peter Rotchford,
director Scott Findlay and senior associate Jackie Ferrer.
“We were privileged to assist Robert Martin Company in the financing of
its acquisition of these assets, which represent some of the best located
industrial assets in Westchester and Fairfield Counties,” Tepedino said.
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| Scott Findlay |
Headquartered in Elmsford, New York, Robert Martin Company, LLC (RMC) has
been a leader in real estate investment, development and management for over 60
years.
Over the course of its distinguished history, RMC and its affiliates have developed and acquired over 20 million square feet of real estate across virtually every asset class.
Over the course of its distinguished history, RMC and its affiliates have developed and acquired over 20 million square feet of real estate across virtually every asset class.
CONTACTS:
MIKE TEPEDINO
NY Lic. #30TE0809731
HFF Senior Managing Director
(212) 245-2425
PETER ROTCHFORD
NY Lic. #10401237887
HFF Senior Director
(212) 245-2425
KIMBERLY STEELE
HFF Digital
Content/Public Relations Specialist
(713) 852-3420
