HFF Arranges $400.6M Acquisition Financing for 56-Building Industrial Portfolio in Westchester and Fairfield Counties
Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $400.6 million in acquisition financing for a 56-building
light industrial portfolio totaling approximately 3.1 million square feet in Westchester County, New York, and Fairfield County,
Connecticut.
HFF worked on behalf of the borrower, a joint venture partnership managed by Robert Martin Company, to place the floating-rate
loan with Bank of America.
The portfolio comprises three light industrial parks in Westchester County, including Cross Westchester Executive Park (CWEP),
Mid-Westchester Executive Park (MWEP) and South Westchester Executive Park (SWEP), along with Stamford Executive Park (SEP) in
Connecticut. The properties are positioned in the New York metro area with convenient access to major roadways, including
Interstates 287 and 95, and the Saw Mill and Sprain Brook Parkways. Over the last 20 years, the portfolio has maintained consistent
occupancy of over 90%, demonstrating the robust demand for light industrial space in the market. The portfolio will continue to
benefit from increased industrial demand in markets that have notoriously difficult entitlement processes and extreme scarcities of
developable land, limiting new supply.
The HFF debt placement team representing the borrower was led by executive managing director Mike Tepedino, senior director
Peter Rotchford, director Scott Findlay and senior associate Jackie Ferrer.
“We were privileged to assist Robert Martin Company in the financing of its acquisition of these assets, which represent some of
the best located industrial assets in Westchester and Fairfield Counties,” Tepedino said.
About Robert Martin Company, LLC
Headquartered in Elmsford, New York, Robert Martin Company, LLC (RMC) has been a leader in real estate investment, development
and management for over 60 years. Over the course of its distinguished history, RMC and its affiliates have developed and acquired
over 20 million square feet of real estate across virtually every asset class.
About HFF
HFF and its affiliates operate out of 26 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 advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by
HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter
@HFF.
MIKE TEPEDINO
NY Lic. #30TE0809731
HFF Senior Managing Director
(212) 245-2425
mtepedino@hfflp.com
PETER ROTCHFORD
NY Lic. #10401237887
HFF Senior Director
(212) 245-2425
protchford@hfflp.com
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
ksteele@hfflp.com
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