Holliday Fenoglio Fowler, L.P. (HFF) has secured $33.65 million in acquisition financing for a three-property industrial portfolio totaling 1.7 million square feet near Minneapolis, Minnesota, and Green Bay, Wisconsin.
HFF worked on behalf of the borrower, a joint venture between Biynah Industrial Partners and Alex. Brown Realty, Inc., to place the three-year, floating-rate loan with three one-year extensions with Realty Finance Trust.
The 100-percent-occupied portfolio contains one property in Minnesota and two in Wisconsin, all highly-functional, modern warehouse facilities with proximity to interstates. The Minnesota property is located at 435 Park Court in Lino Lakes and is proximate to Interstate 35W. The Wisconsin properties are 5929 Packer Drive in Menomonie and 1731 Industrial Parkway in Marinette.
The HFF debt placement team was led by managing director Matthew Schoenfeldt.
