CBRE Arranges Financing for 900K SF Industrial Portfolio in Metro Memphis, Tennessee

CBRE has arranged financing for a three-building, 893,458-square-foot, fully occupied industrial portfolio located in metropolitan Memphis, Tennessee.

Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Dallas-based Hillwood Investment Properties. The $41 million loan was secured through Thrivent.

“Lenders loved the strong, experienced sponsorship in conjunction with the high-quality assets, which resulted in multiple options for Hillwood,” said Mr. Linnihan, Vice Chairman at CBRE.

The three warehouses within the portfolio range in size from 430,212 sq. ft. to 133,776 sq. ft. and were built between 2013 and 2022. Located in Olive Branch and Southaven, Mississippi, all three warehouses are fully leased to five tenants, three of them being third-party logistics firms, and have a 5.1-year WALT.

Hillwood, a Perot company, is a top industrial, commercial, and residential real estate developer and manager with projects throughout North America and Europe. The company’s portfolio spans 63 markets across five countries, totaling 270.3 million sq. ft. of developed and acquired properties and a development pipeline exceeding 130 million sq. ft.