May 5, 2016
Holliday Fenoglio Fowler, L.P. (HFF) closed the $30 million sale of an entitled 19.86-acre industrial land site, and arranged $31 million in construction financing. The 429,840-square-foot speculative warehouse and cross-dock facility in the City of Industry, CA is the largest speculative development built in the San Gabriel Valley in the past several years.
HFF initially evaluated joint venture equity structures for the seller, Robhana Group, Inc., which was represented by Cushman & Wakefield. Robhana Group decided to sell the project outright.
HFF represented the buyer, Bridge Development Partners, LLC, in the transaction and secured construction financing on its behalf. HFF’s investment sales team included Anthony J. Brent, Ryan Martin and John Crump, while its debt placement team was led by Brian Torp.