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Hillwood Obtains $41M Loan for 900K-SF Mississippi Industrial Portfolio
Hillwood Investment Properties has acquired a three-building, 900,000-square-foot industrial portfolio in Mississippi. The three warehouses within the portfolio range from 133,776 square feet to 431,212 square feet 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.
A CBRE team arranged financing for the portfolio. Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented Hillwood. The $41 million acquisition loan was secured through Thrivent. The seller was not disclosed.
Hillwood, a Perot company, is an 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 million square feet of developed and acquired properties and a development pipeline exceeding 130 million square feet.
- ◦Sale/Acquisition
- ◦Financing