Monday, May 16, 2011

HFF arranges $14.35 million financing for modern bulk warehouse facility in suburban Indianapolis


INDIANAPOLIS, IN – HFF announced today that it has arranged $14.35 million in financing for Airwest IX (top left photo), a 481,965-square-foot modern bulk warehouse facility in the southwestern Indianapolis suburb of Plainfield, Indiana.

Working exclusively on behalf of Founders Properties, LLC, HFF placed the seven-year, fixed-rate first mortgage acquisition financing with Allianz of America, Inc.

Airwest IX is situated on more than 40 acres at 2675 Reeves Road within the Plainfield Business Center at Airwest, a 490-acre business park located close to the Indianapolis International Airport and the FedEx hub.  Completed in 2007, the property is fully leased to two tenants: Sara Lee and Brightpoint.

The HFF team representing Founders Properties, LLC was led by managing directors Jon Everson (middle right photo)  and Tim Joyce (lower left photo). 

 “Airwest IX is very well located within the Plainfield submarket with immediate freeway access along I-70 and a full complement of amenities found in modern Class A industrial distribution facilities,” said Everson.

Headquartered in Minneapolis, Founders Properties, LLC is a privately-held company that has sponsored eight real estate investment funds since 1997, investing a total of more than $2.6 billion. 

Founders provides a full range of acquisition, financing, asset management and investment services for high net worth investors, continuing the legacy of sponsoring private real estate investments that first started in 1997.

Jonathan P. Everson, HFF Managing Director, (317) 630-3191
Timothy J. Joyce, HFF Managing Director,  (312) 528-3650,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

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