Holliday Fenoglio Fowler, L.P. has closed the sale and arranged acquisition financing for a three-building, 1.5-million-square-foot industrial portfolio in Columbus, Ohio.
HFF’s national investment advisory team marketed the portfolio for the seller, a joint-venture between two Chicago-based private equity firms, Singerman Real Estate and Green Door Capital. Transwestern Investment Group purchased the assets on behalf of TSP Value and Income Fund II. In addition to the sale, HFF placed the acquisition loan with TBK Bank, SSB.
The portfolio comprises three distribution buildings on the near southeast side of the Columbus metropolitan area, including the 706,162-square-foot building at 3880 Groveport Road, a 403,122-square-foot building at 3800 Lockbourne Industrial Parkway and the 398,471-square-foot building at 4150 Lockbourne Industrial Parkway.
The portfolio is about 50 percent leased to four tenants and features clear heights of 22 to 24 feet and more than 500 car and 400 trailer parking positions across the three assets. The portfolio is situated within 500 miles of 41 percent of the U.S. population and 43 percent of U.S. manufacturing. It is served by two international airports, John Glenn Columbus International Airport and Rickenbacker International Airport, the latter of which is a dedicated cargo airport less than seven miles from the portfolio properties.
The HFF investment advisory team representing the seller included senior directors Kurt Sarbaugh and Robin Stolberg.
The HFF debt placement team representing the new owner consisted of senior managing directors Ken Martin and Brian Carlton.
