CBRE Facilitates $100M Recapitalization Of Industrial Portfolio Across 20 States
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The industrial portfolio involved in the transaction spans 201 acres with nearly 630,000 square feet of industrial assets. The properties are fully occupied by long-standing tenants like United Rentals, Gerber Collision & Glass, and Home Depot. The recapitalization loan facilitated by CBRE amounted to $100 million for a 36-property industrial service facility portfolio located across 20 states in the United States.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $100,000,000
- Address: Industrial Portfolio
- Market: United States
- Square Footage: 630,000
- Acres: 201
- Landlord: Matthew Schliep - Moir Park Capital; Josh Krsnak - Hempel Real Estate
- Brokers: Bentley Smith, Joseph Horrigan, Judd Welliver, Michael Caprile, Ryan Bain, Victoria Gomez, Will Pike, & Zachary Graham - CBRE
The transaction was managed by CBRE National Partners, led by Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zachary Graham, Joseph Horrigan, Will Pike, and Victoria Gomez, representing Moir Park Capital. The collaboration between Moir Park Capital and Hempel Real Estate, based in Wayzata and Eden Prairie, Minnesota, respectively, underscores the joint venture's commitment to the industrial service facilities market.
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