Property Types Industrial
Holliday Fenoglio Fowler Secures Refinancing of 2.7 MSF of Industrial Space
Oct 2, 2008
By: Elena Gontar, Staff Writer

The Dallas office of Holliday Fenoglio Fowler L.P. secured a $90.5 million refinancing for an industrial portfolio in Florida, Georgia and Texas totaling approximately 2.7 million square feet.
 
Holliday Fenoglio managing director John Rose worked exclusively on behalf of the borrower, ING Clarion Partners, to secure the five-year fixed-rate refinancing through a life insurance company.

The portfolio includes nine industrial properties that are 97 percent occupied and are located in Atlanta, Jacksonville, Miami, Austin, Dallas and Houston. Tenants include Laney & Duke, Shippers Warehouse and HD Supply.

Also, as CPN reported last month, Holliday Fenoglio Fowler arranged a $90 million loan for the development of Archstone Avenir, a 241-unit luxury apartment community in Downtown Boston. The 36-month construction loan was secured through NEBF Investments (National Electrical Benefit Fund), a Washington, D.C.-based union pension fund advisor and real estate investment program.

The firm also has arranged for $172.5 million in financing for the development of three multi-family properties in September. The construction/mini-permanent loan was for three properties that are scheduled to consist of over 1,100 units in Maryland, 15 miles from Washington, D.C. The properties involved in the transaction were the 451-unit Westchester at Contee Crossing in Laurel, 192-unit Westchester Rockville Station in Rockville and 491-unit Westchester at the Pavilion in Waldorf.

 
Recent Industrial Headlines
Top 10 Office Markets See Modest Gains
Nov. 20, 2008
While prices across commercial real estate are down from a year ago, they increased in September up 2.5 percent from the month before, according to an Associated Press report on Moody's/REAL Commercial Property Price Indices. The top 10 markets showed modest gains in all property sectors in the third quarter, Moody's said.
Flagler Inks Tenant to 240,000-SF Lease at Florida Biz Park
Nov. 20, 2008
Flagler Development Group has signed paper products firm Lagasse Sweet to a 240,000-square-foot lease in a build-to-suit facility at Flagler Station, South Florida’s largest business park.
Ben Butcher STAG Capital Kicks Off Industrial Fund with Anticipated $1.3B Buying Power
Nov. 19, 2008
Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country.
rakowich New ProLogis CEO Details Plans to Put Company Back on Track
Nov. 14, 2008
In a presentation to investors Thursday, new ProLogis CEO Walter Rakowich, the company’s former president & COO, fleshed out some specifics about how the world’s largest developer/owner of distribution facilities will move forward past its current crisis. In addition, a new report on equity REITs documents just how much those entities have been shaken up lately.
schwartz REIT Woes Continue as Prologis CEO Schwartz Resigns; Firm to Halt Development, Slash Dividend
Nov. 12, 2008
Jeffrey Schwartz, CEO & chairman of Denver-based global industrial real estate giant Prologis, will resign from his position after nearly four years at the helm. Schwartz will be replaced as CEO by current Prologis president & COO Walter Rakowich, while board trustee Stephen Feinberg will assume the role of chairman.
 

 

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