Colliers closed a $76.725 million acquisition loan for Four Springs TEN31 Xchange (“FSXchange”). As exclusive advisor, Colliers Structured Finance Advisory Group helped the client obtain acquisition financing for a 1.1M square foot industrial building in Monroe, Michigan, fully leased to Ford Motor Company on a long-term basis.
Colliers’ Executive Vice President Jeremy Thornton, Senior Vice Presidents Nicole Sayers and Andrew Gibson, and Vice President Lauren Smyle sourced the financing for the acquisition. FSXchange has successfully syndicated over $840 million of net leased real estate through DST offerings.
The approximately 1.1 million square-foot facility boasts 36’ clear heights, 100 dock-high doors, 900 car parking spaces and 700 trailer parking spaces.
