Kenneth Martin, director with HFF's Indianapolis office, led the financing team
ATLANTA AND SAVANNAH, GA—Holliday Fenoglio Fowler arranged financing for the acquisition of two industrial properties, 437 Telfair Road and Hartsfield International Commerce Center, which include four buildings and 317,133 square feet of space in Atlanta and Savannah, GA.
The HFF team of senior director Ken Martin and senior managing director Ed Coco worked on behalf of the borrower, Citimark, to place the floating-rate loan with First Financial Bank for the property at 437 Telfair Road and the fixed-rate loan with American Equity Investment Life Insurance Company for Hartsfield International Commerce Center. Additionally, HFF will service the loan for Hartsfield International Commerce Center.
“The acquisition of these assets represents Citimark's continued growth of its industrial portfolio throughout the Southeast,” Martin says. “In the past 24 months, Citimark has grown its southeast industrial portfolio from zero to nearly 1.1 million square feet across 22 buildings.”
The 207,633-square-foot 437 Telfair Road was constructed in 2007. The single-tenant distribution building has a clear height of 24 feet, function depth of 190 feet, 28 dock-high doors, two drive-in doors and a 165-foot truck court for extra trailer storage in addition to having two percent office finish. The property is one mile from the Interstate 16/US-80 interchange, four miles from the Port of Savannah and six miles east of Interstate 95, which runs north-south all the way up and down the East Coast. 437 Telfair Road is about four hours from Atlanta, Orlando and Charlotte.
Home to 10 tenants, Hartsfield International Commerce Center comprises three buildings with 18-foot clear heights and totaling 109,500 square feet that is 100 percent leased. The industrial center is situated on 6.6 acres at 4820 Clark Howell Highway across Interstate 285 from Hartsfield-Jackson Atlanta International Airport. The center also is southwest of the interchange of Interstates 285/85 and 75, providing access into Alabama and Florida.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
