HFF ARRANGES $130M FINANCING FOR INDUSTRIAL PORTFOLIO

ATLANTA — HFF has arranged $130 million in financing for an 11-property, 2.9 million-square-foot industrial portfolio located in five states. Mark Sixour of HFF’s Atlanta office arranged the financing on behalf of the borrower, Atlanta-based Industrial Developments International Inc. HFF placed a $99.8 million, three-year loan with Wells Fargo Bank and a $30.2 million mezzanine loan through AEW Capital Management. The portfolio has an average occupancy rate of 79 percent and its key tenants include Walgreen’s, L’OREAL, Menlo Logistics, Red Bull, Valspar and ADT Security. The properties include Greenspoint Business Center A, B and D in Houston (totaling 406,075 square feet); Madison Business Center A in Tampa, Fla. (385,619 square feet); Miramar Business Center F in Miramar, Fla. (63,010 square feet); Miramar Centre A in Miramar (264,074 square feet); Northpoint Industrial Center in Elizabeth, N.J. (342,705 square feet); Park South Building E in Walton, Ky. (678,363 square feet); Port Union Building J in Fairfield, Ohio (109,063 square feet); and Rock Run Business Park VIII and IX in Joliet, Ill. (692,241 square feet).