ATLANTA, GA– HFF announced today that it has arranged $130 million in financing for an 11-property, 2.9 million-square-foot industrial portfolio located in five states.

Working on behalf of Industrial Developments International, Incorporated (IDI), HFF placed a $99.8 million, three-year, floating-rate first mortgage loan with Wells Fargo Bank.  A $30.2 million mezzanine loan was sourced through AEW Capital Management. 

The properties are comprised of Class A logistics and bulk distribution industrial facilities located near major interstates, airports and ports in their respective markets.  Overall the portfolio is 79 percent occupied.  Key tenants include Walgreen’s L’OREAL, Menlo Logistics, Red Bull, Valspar and ADT Security.  Individual property details are listed below:

Property

 

Address

 

Property Size

Greenspoint Business Center A 

 

11710 North Freeway, Houston, TX  

 

54,818 SF

Greenspoint Business Center B

 

51 Esplanade Road, Houston, TX

 

106,700 SF

Greenspoint Business Center D

 

101 Esplanade Road, Houston, TX

 

244,557 SF

Madison Business Center A

 

4406 Madison Industrial Lane, Tampa, FL

 

385,619 SF

Miramar Business Center F

 

11650 Miramar Parkway, Miramar, FL

 

63,010 SF

Miramar Centre A

 

15701 SW 29th Street, Miramar, FL 

 

264,074 SF 

Northport Industrial Center

 

699 Kapkowski Road, Elizabeth, NJ

 

342,705 SF 

Park South Building E

 

60 Logistics Boulevard, Walton, KY 

 

678,363 SF 

Port Union Building J  

 

7390-7410 Union Centre, Fairfield, OH 

 

109,063 SF 

Rock Run Business Park IX 

 

4101 Olympic Boulevard, Joliet, IL 

 

339,741 SF 

Rock Run Business Park VIII  

 

4500 Rock Creek Boulevard, Joliet, IL 

 

352,500 SF 

The HFF team representing the borrower was led by senior managing director Mark Sixour.

 

IDI is one of the largest privately-held real estate property companies in North America focused exclusively on the industrial sector.  The company, headquartered in Atlanta and serving 25 markets, provides development, investment management and property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers.  

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.