HFF Secures $100.2 Million Financing for 3.9 Million-Square-Foot Industrial Portfolio In Indianapolis

Matthew Schoenfeldt

CHICAGO–Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured $100.2 million in acquisition financing for an eight-property, Class A industrial portfolio totaling 3.9 million square feet in the Indianapolis metropolitan area.

Matthew Schoenfeldt
Matthew Schoenfeldt

HFF worked on behalf of the borrower, a joint venture between Biynah Industrial Partners, L.L.C. and Olympus Ventures, to place the 10-year, fixed-rate loan with an international life insurance company. HFF will service the loan, which was used to purchase the portfolio.

The institutional-quality assets were built between 1997 and 2013 and range in size from 282,000 to 1.3 million square feet with clear heights of 28’ to 32’. The portfolio is more than 95 percent leased to a roster of credit-rated tenants, including Sur La Table, OHL/GEODIS and the United States Postal Service.

The eight buildings that comprise the portfolio are situated on a total of 209 acres on the western side of Indianapolis. The four Plainfield properties – 1100 and 1101 Whitaker Road, 2450 Stanley Road and 3100 Reeves Road – and three of the Indianapolis facilities – 7451 and 7452 Tempelhof Drive and 710 South Girls School Road – are proximate to Indianapolis International Airport, home of the second largest FedEx hub in the world. The Brownsburg facility, 901 East Northfield Drive, is located just off Interstate 74, which connects Indianapolis to the central Illinois, Iowa and Chicago markets.

The HFF debt placement team was led by managing director Matthew Schoenfeldt and director Ken Martin.

“This debt placement effort ranks among the most competitive in my two-decade career,” Schoenfeldt said. “The blue-chip life company lender who won the assignment stepped-up in impressive fashion, differentiating themselves with a combination of blockbuster terms and the smooth, seamless delivery on which they have built their impeccable reputation.”