Press Release brought to you by HFF

HFF announces sale of 3-building industrial complex in Richmond, Virginia

10/02/2017

WASHINGTON, D.C. – October 2, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Interport Business Center, a three-building industrial complex totaling 618,229 square feet in Richmond, Virginia

The HFF team represented the seller, Interport Holdings LLC, a joint venture between Columbia-based Manekin LLC and Blue Vista Capital Management.  MDH Partners, LLC purchased the assets. 

Interport Business Center is situated on 33.6 acres at 4700 and 4800 Eubank Road and 5300 South Laburnum Avenue adjacent to Richmond International Airport in the eastern part of Richmond.  The property is 11 miles from the Port of Richmond and near Interstates 95, 295 and 64, which provides a direct route to the Port of Norfolk.  The buildings are 93 percent occupied and feature 18- to 27-foot clear heights, 40-by-40-foot column spacing, 95 dock doors and 11 drive-in doors.

The HFF investment sales team representing the seller consisted of senior managing directors Bruce Strasburg and Chris Norvell and director Patrick Nally.

Holliday Fenoglio Fowler, L.P. ("HFF") is a Virginia licensed real estate broker.

About Manekin LLC
Manekin LLC, headquartered in Columbia, Maryland, is a privately held real estate investment management and operating company, whose goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning, and management of commercial real estate assets.  Visit manekin.com for more information.

About Blue Vista 
Blue Vista is a leading investment management firm focused on helping investors maximize returns through best-in-class real estate strategies in student housing, middle market equity and middle market lending.  Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender.  Since its inception in 2002, the firm has invested over $7.5 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing.

About MDH Partners, LLC
MDH Partners, LLC is an Atlanta-based real estate investment company with a portfolio of over 13 million square feet of properties, across seven states from Virginia to Florida.   Since its founding in 2005, MDH Partners has completed the acquisition and development of over 15 million square feet for its own account and participated in over $2 billion of transactions as an advisor and investor, with capital partners such as the Blackstone Group and Wells Fargo Real Estate.

MDH Partners was founded by the former senior executives of M.D. Hodges Enterprises, one of the Southeast’s oldest and largest real estate companies which had a portfolio of 13 million square feet of office and industrial properties and 1600 acres of commercial land.  Visit mdhpartners.com for more information.

About HFF
HFF and its affiliates operate out of 24 offices and are 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, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF).  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Source

HFF

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