MDH Partners, LLC, a privately held real estate investment company based in Atlanta, GA recently closed on the acquisition of 23 industrial distribution buildings in Florida totaling over 3.3 million square feet.
The portfolio is comprised of well-located Class A and Class B industrial buildings that are located in Miami, Orlando, and Jacksonville. With this acquisition, MDH has now acquired or developed 93 buildings totaling 11.7 million SF since May 2014. MDH’s other holdings include industrial buildings in Atlanta, Memphis, Nashville, Tampa, Charlotte, Raleigh, Greenville, Winston-Salem, Norfolk, and Richmond.
MDH targets industrial assets across key southeastern markets with good infrastructure and strong market fundamentals. MDH is bullish on the Florida industrial market because of the growth in housing, transportation, logistics, and e-commerce sectors of Florida’s economy. Miami‘s industrial market is particularly attractive due to supply constraints.
Hank Hall and Kevin Troy with Colliers International - Atlanta arranged $134 million in acquisition financing which was provided by Bank of America, Wells Fargo, and Synovus Bank.
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