Property Types Industrial
CBRE Capital Markets Arranges $45M in
Acquisition Financing for Hampshire Partners
July 7, 2008

CBRE’s Capital Markets group in New York City have secured a $45 million loan on behalf of Hampshire Partners Fund VII L.P. for the financing of certain assets of Fund VII’s portfolio. The loan, financed by Capital Bank N.A., was structured at a floating rate over LIBOR on an interest-only basis. The financed assets consisted of six properties comprised of a mix of retail, office and industrial. The properties are located at 39 Robinson Road in Lodi, N.J.,  361-371 South Street, Newark, N.J., 401 East Fayette, Baltimore, MD, 2501 Riva Road, Annapolis, MD., 475 Willard Avenue, Newington, Conn., 5700 Audubon, Richmond, Va. Encompassing 1,182,415-square-feet, the portfolio’s combined occupancy at closing was 83 percent. The occupancy breakdown consisted of four fully leased properties, one at 68 percent and one vacant property. Hampshire Partners plans to make significant capital investment in the properties for the purposes of renovating, repositioning and executing its leasing strategy. The portfolio consists of such national tenants as Verizon Communications Inc. and International Contractors Services L.L.C.

 
Recent Industrial Headlines
Auto Parts Concern Claims 70,000SF at 775,000-SF Industrial Park in Suburban Philly
Sept. 05, 2008
The Tri-County Commerce Park in Pottstown, about 40 miles northwest of Philadelphia, will welcome a new tenant now that CJ's Tire and Automotive Services has inked a multi-year lease for 70,000 square feet at the property.
Chemical Company Stays Put at Suburban Phoenix Home with 53,000-SF Lease Renewal
Sept. 05, 2008
BioLab Inc. has decided to extend its commitment to its digs at 5555 North 51st Avenue in Glendale, Ariz., with the signing of a new seven-year lease.
Two Orange County Industrial Buildings Financed
Sept. 05, 2008
First mortgage financing has closed for Etchandy Commerce Center and Etchandy Industrial Complex II, two industrial parks encompassing an aggregate 207,000 square feet in Orange County
European ProLogis Fund Secures $383M Refi
Sept. 05, 2008
ProLogis European Properties Fund II, a private equity fund established by Denver-based distribution facilities provider ProLogis, has attained a five-year secured term loan facility valued at €264 million, or approximately $383 million, for the purpose of refinancing 34 properties in Central Europe.
W.P. Carey in $28M Sale-Leaseback
Sept. 04, 2008
W.P. Carey Group's publicly traded CPA:17 Global REIT has completed a $28 million sale-leaseback deal with wireless communications firm Sabre Industries on two industrial properties located in Alvarado, Texas and Bossier City, La.
 

 

Fults to Start New Firm in Dallas
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and...

184-Acre Bioscience Park Breaks Ground on Former Army Site
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being...

Chartwell to Buy Out Seniors Housing JV
September 05, 2008
By: Scott Baltic, Contributing Editor --Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior...

Gaylord to Develop Convention/Resort Facility in Mesa
September 05, 2008
By: Dees Stribling, Contributing Editor --Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100...

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...