DALLAS, TX – June 14, 2018 – HFF announces the sale and the acquisition financing for an 11-property, Last Mile industrial portfolio totaling 1.63 million square feet in infill, established industrial submarkets in the Dallas-Fort Worth and Atlanta MSAs.
The HFF team marketed the property on behalf of the seller, Berkeley Partners. A partnership led by Circle Industrial with the FREO Group purchased the assets. Additionally, working on behalf of the new owner, the HFF team placed the three-year, floating-rate acquisition loan with two one-year extension options with CIBC.
The portfolio includes seven DFW-area properties that total 1.07 million square feet. The four remaining portfolio properties are housed in the Atlanta area and total 558,583 square feet in the Doraville Industrial market.
The HFF investment advisory team representing the seller included managing director Adam Herrin, director Stephen Bailey and senior managing director Chris Norvell along with managing director Ralph Smalley.
The HFF debt placement team representing the borrower included executive managing director Kevin MacKenzie, senior director Jeff Sause, director Michael Cosby and analyst Spencer Richley.
Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.
About Circle Industrial
Founded in 2013, Circle Industrial is an owner, manager and developer of distribution facilities with fully integrated asset, development and property management teams. Circle has a focused industrial investment strategy in select major U.S. markets with high barriers to entry. For more information, visit http://www.circle-industrial.com.
About FREO Group
Established in 1996, FREO Group is an independent international investor, developer, and asset manager of high quality commercial real estate, with over $2 billion in assets under management in 15 offices throughout Europe and the U.S. FREO’s past and present portfolio includes more than 40 projects totaling in excess of 16 million square feet across a variety of asset classes including industrial, office, retail, hotel, and residential. To learn more, visit http://www.freogroup.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
CONTACTS:
ADAM HERRIN
TX Lic. #0551645
HFF Managing Director
(214) 265-0880
KEVIN MACKENZIE
HFF Executive Managing Director
(949) 253-8800
RALPH SMALLEY
GA Lic. #168007
HFF Managing Director
(404) 832-8460
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420