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Cobalt Sells 1M-SF Portfolio

DALLAS-The Irving, TX-based property owner disposes of its 14-building portfolio, which it had acquired between 2003 and 2007.

By Amy Wolff Sorter | Updated on July 29, 2013

DALLAS-Irving, TX-based Cobalt Capital Partners LP sold its 14-building, 1.4-million-square-foot industrial portfolio. The portfolio, which includes facilities located throughout the MSA, was 96% occupied at the time of sale. HFF’s Randy Baird, Jud Clements and Robby Rieke represented Cobalt in the transaction. “This portfolio of assets was well-leased to a group of financially strong tenants, which made it attractive to market the buildings for sale,” says Lewis D. Friedland, Cobalt’s managing partner. “Our asset management and property management teams did a great job of creating value through leasing activity and tenant retention, which maximized the value for our investors.”

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