INDIANAPOLIS, IN – September 10, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the financing for the acquisition of two industrial properties totaling four buildings and 317,133 square feet in Atlanta and Savannah, Georgia.
The HFF team worked on behalf of the borrower, Citimark, to place the floating-rate loan with First Financial Bank for the property at 437 Telfair Road and the fixed-rate loan with American Equity Investment Life Insurance Company for Hartsfield International Commerce Center. Additionally, HFF will service the loan for Hartsfield International Commerce Center.
The 207,633-square-foot 437 Telfair Road was constructed in 2007. The single-tenant distribution building has a clear height of 24 feet, function depth of 190 feet, 28 dock-high doors, two drive-in doors and a 165-foot truck court for extra trailer storage in addition to having two percent office finish. The property is one mile from the Interstate 16/US-80 interchange, four miles from the Port of Savannah and six miles east of Interstate 95, which runs north-south all the way up and down the East Coast. Additionally, 437 Telfair Road is approximately four hours from Atlanta, Orlando and Charlotte.
Home to 10 tenants, Hartsfield International Commerce Center comprises three buildings with 18-foot clear heights and totaling 109,500 square feet that is 100 percent leased. The industrial center is situated on 6.6 acres at 4820 Clark Howell Highway across Interstate 285 from Hartsfield-Jackson Atlanta International Airport, which services 275,000 passengers a day, is the busiest airport in the world and within a two-hour flight of 80 percent of the U.S. population. The center also is southwest of the interchange of Interstates 285/85 and 75, providing access into Alabama and Florida
The HFF debt placement team representing the borrower included senior director Ken Martin along with senior managing director Ed Coco.
“The acquisition of these assets represents Citimark’s continued growth of its industrial portfolio throughout the Southeast,” Martin said. “In the past 24 months, Citimark has grown its southeast industrial portfolio from zero to nearly 1.1 million square feet across 22 buildings.”
About Citimark
Founded in 1982, Citimark has established a track record and reputation as a premiere full service real estate investment company focused on commercial real estate investments throughout the U.S. Since inception, Citimark has acquired, developed, managed and leased over 20 million square feet of industrial, office and mixed-use properties. Citimark leverages a vertically integrated operating platform and decades of real estate investing experience to drive consistent results for its investors, tenants and communities alike. Visit http://www.citimarkinc.com for more information.
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.
