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HFF Secures Substantial Acquisition of Almost $34 Million Industrial Property Portfolio in Minnesota and Wisconsin

Tuesday, November 17, 2015

Industrial Warehouse Portfolio Minnesota and WisconsinHFF recently secured $33.65 million in acquisition financing for a three-property industrial warehouse portfolio totaling 1.7 million square feet near Minneapolis, Minnesota and Green Bay, Wisconsin.

HFF worked on behalf of the borrower, a joint venture between Biynah Industrial Partners and Alex. Brown Realty, Inc., to place the three-year, floating-rate loan with three one-year extensions with Realty Finance Trust. 

 The portfolio features:

  • 100 percent occupancy rate
  • Highly-functional, modern warehouse facilities
  • The Minnesota property is located at 435 Park Court in Lino Lakes and is proximate to Interstate 35W
  • The Wisconsin properties are 5929 Packer Drive in Menomonie and 1731 Industrial Parkway in Marinette.

The HFF debt placement team was led by managing director Matthew Schoenfeldt.

HFF Chicago, managing for the greater American Midwest including Minnesota and Wisconsin, is consistently recognized as a top commercial real estate firm serving the American Midwest. Named as a CoStar Power Broker 2014, HFF Chicago is rated as a Top Commercial Real Estate Broker and Financial Intermediary by Midwest Real Estate News. Additionally, the team is recognized as the No. 2 Capital Markets Intermediary in Chicago during 2014 by Mortgage Bankers Association.

About Biynah Industrial Partners

Biynah Industrial Partners, L.L.C. (Biynaha) is a Minneapolis-based real estate private equity firm. The firm was founded in October of 2009. Since 1996, Biynah’s two principals have conducted in excess of $2 billion in commercial real estate acquisitions under different sponsorship. The firm is solely focused on investing in industrial real estate located throughout the domestic United States and currently owns approximately five million square feet of industrial real estate. Biynah’s clientele is comprised of a loyal group of high net worth investors and institutional joint venture partners seeking value-add returns in this alternative investment class.

About Alex. Brown Realty, Inc.

Alex. Brown Realty, Inc. (ABR) is a privately owned real estate investment manager organized in 1972 and headquartered in Baltimore, Maryland. ABR co-invests with joint venture partners in a broad spectrum of property types located throughout the United States.

About Realty Finance Trust

Realty Finance Trust, Inc. (RFT) is a public, non-traded REIT which seeks to originate and manage a portfolio of commercial real estate debt investments secured by income-producing properties and diversified by geographic location, property type and tenancy. These investments include first mortgages, mezzanine loans, B-Notes, preferred equity and real estate debt securities. RFT has a national origination platform, with a dedicated underwriting team and an internal investment/credit approval process.

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