LOS ANGELES--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a joint venture equity partnership and represented the partnership in the acquisition of a six-property industrial portfolio along with the recapitalization of an additional industrial building totaling $108.75 million and 372,100 square feet in southern and northern California.
HFF arranged the joint venture equity partnership between Dedeaux Properties, LLC. and a financial services firm and facilitated the sale of the six industrial assets to the partnership. Additionally, on behalf of Dedeaux Properties, HFF arranged the recapitalization of a 111,260-square-foot, state-of-the-art cold storage warehouse located at 4000 Noakes Street in Commerce.
Five buildings and a 2.1-acre lot occupied by Kia Motors were included in the sale. The portfolio comprises: 3420, 3425, 3435 and 3501 East Vernon (Vernon); 2041 Factory Street (Richmond) and 110 Olinder Court (San Jose). All of the buildings involved in the sale and recapitalization are either food processing and/or cold storage distribution facilities leased to CLW Foods, Elite Flower, HelloFresh, Pro Portion Foods, Sun Basket and Juicero, Inc.
The HFF team was led by senior managing director Anthony Brent and managing director Ryan Martin.
About Dedeaux Properties, LLC.
Based in Los Angeles, Dedeaux Properties, LLC. is a family-controlled partnership, which has enjoyed a successful history of over 50 years in the development, acquisition and management of over six million square feet of industrial properties located, predominantly, in Southern California & Northern California in addition to the greater Chicago area. Learn more at http://www.dedeauxproperties.com.
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is 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, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.