HFF Announces $105M Financing for Class A Industrial Facility in Los Angeles

Holliday Fenoglio Fowler, L.P. (HFF) announces the $105 million financing of The Brickyard, a fully leased, two-building, Class A, LEED Gold industrial facility totaling approximately one million square feet in the Los Angeles-area community of Compton, California.

The HFF team worked on behalf of Clarion Partners and their separate account client to place a floating-rate loan with a foreign bank.

Developed in 2016, the two-building property is now fully leased to UPS and Best Buy, which are under long-term leases. Situated on 56 acres at 1701 North Central and 1430 McKinley Avenues, The Brickyard is located in the heart of Los Angeles' South Bay Industrial submarket, one of the top industrial submarkets in the country. It is strategically located along the Alameda Corridor, a 20-mile freight rail expressway that directly connects the transcontinental rail network near downtown Los Angeles to the Ports of Los Angeles and Long Beach.

The HFF debt placement team representing the borrower included senior managing director Bruce Ganong, director Steven Paskover and analyst Bercut Smith.

"HFF was pleased to have a role in introducing a new lender relationship to Clarion Partners and their client," Ganong said.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About Clarion Partners

Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 35 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, D.C. With more than $42 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. HF. For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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