HFF Arranges $108 Million in Joint Venture Equity for the Acquisition and Recapitalization of California Industrial Assets
February 09 2017 - 4:20PM
Business Wire
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged a joint venture equity partnership and represented the
partnership in the acquisition of a six-property industrial
portfolio along with the recapitalization of an additional
industrial building totaling $108.75 million and 372,100 square
feet in southern and northern California.
HFF arranged the joint venture equity partnership between
Dedeaux Properties, LLC. and a financial services firm and
facilitated the sale of the six industrial assets to the
partnership. Additionally, on behalf of Dedeaux Properties, HFF
arranged the recapitalization of a 111,260-square-foot,
state-of-the-art cold storage warehouse located at 4000 Noakes
Street in Commerce.
Five buildings and a 2.1-acre lot occupied by Kia Motors were
included in the sale. The portfolio comprises: 3420, 3425, 3435 and
3501 East Vernon (Vernon); 2041 Factory Street (Richmond) and 110
Olinder Court (San Jose). All of the buildings involved in the sale
and recapitalization are either food processing and/or cold storage
distribution facilities leased to CLW Foods, Elite Flower,
HelloFresh, Pro Portion Foods, Sun Basket and Juicero, Inc.
The HFF team was led by senior managing director Anthony Brent
and managing director Ryan Martin.
About Dedeaux Properties,
LLC.
Based in Los Angeles, Dedeaux Properties, LLC. is a
family-controlled partnership, which has enjoyed a successful
history of over 50 years in the development, acquisition and
management of over six million square feet of industrial properties
located, predominantly, in Southern California & Northern
California in addition to the greater Chicago area. Learn more at
http://www.dedeauxproperties.com.
About HFF
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and
HFF Securities Limited (collectively, “HFFS”) are owned by HFF,
Inc. (NYSE: HF). HFF operates out of 24 offices and is 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 sales, equity
placement, advisory services, loan sales and commercial loan
servicing. For more information please visit hfflp.com or follow
HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday
GP Corp., a real estate broker licensed with the California
Department of Real Estate, License Number 01385740.
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version on businesswire.com: http://www.businesswire.com/news/home/20170209006273/en/
HFFAnthony Brent, 310-407-2100Ca Lic: 01037252HFF
Senior Managing Directorabrent@hfflp.comorRyan Martin,
949-253-8800Ca Lic: 01932035HFF Managing
Directorrmartin@hfflp.comorKristen Murphy, 617-338-0990HFF
Director, Public Relationskrmurphy@hfflp.com
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