HFF announces $35.5M sale of 313,650 SF build-to-suit industrial facility near Charleston

CHARLOTTE, NC – HFF announces the $35.5 million sale of a 313,650-square-foot, newly delivered, state-of-the-art distribution and light assembly facility that is a build-to-suit for Science Applications International Corporation (SAIC) in Charleston, South Carolina.

HFF marketed the property on behalf of the seller, a joint venture between North Signal Capital and a fund managed by Westport Capital Partners LLC. Stockbridge purchased the asset.

The SAIC build-to-suit is 100% leased on a triple-net basis to SAIC, one of the U.S. Government’s top defense contractors. Delivered in June 2019, the facility features a minimum 32-foot clear height, ESFR sprinkler system, a fully conditioned warehouse and tilt-up concrete construction with an attractive glass-lined facade. Located at 7413 Magi Road, the building is adjacent to the Naval Space and Warfare Systems Command (SPAWAR) campus, one of SAIC’s longstanding federal customers. Situated on 23.09 acres at 7413 Magi Road, the facility is in Hanahan, a northern Charleston suburb, and situated within North Pointe Commerce Park, a master-planned industrial park that is strategically positioned to house defense, manufacturing and logistics-oriented tenants. The building is equidistant to both Interstates 26 and 526 and proximate to the Port of Charleston, the CSX/Norfolk Southern Intermodal Yard and the Charleston International Airport.

The HFF investment advisory team representing the seller consisted of director Patrick Nally, senior managing director Chris Norvell and associate Mike Massardo.

“This transaction represented an opportunity to acquire a true trophy quality, core industrial asset in the land constrained Hanahan/North Rhett submarket,” Nally said. “This submarket – specifically North Pointe Commerce Park – has displayed incredible fundamentals over recent years and has established itself to be one of the preeminent defense- and port-related industrial locations in the region. Charleston possesses a dynamic array of industrial demand drivers, and we continue to see institutional investors view the market favorably for its long-term growth potential.”

Holliday GP Corp. (“HFF”) is a South Carolina licensed real estate broker.

About North Signal Capital
North Signal Capital LLC is a real estate investment and development firm with offices in Stamford, Connecticut, and Charleston, South Carolina. North Signal seeks to maximize risk-adjusted returns by employing a value-based approach to real estate investing. North Signal targets investments supported by long-term secular trends including the growth of e-commerce and population growth within the Southeastern U.S. For more information regarding North Signal Capital LLC, please visit www.northsignalcapital.com.

About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm focusing on adding value to real estate and “hands-on” solutions to complex situations. Westport provides domestic and international real estate related investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed, opportunistic and core plus real estate assets. The firm has offices in Los Angeles, California, Wilton, Connecticut and Bozeman, Montana. For more information regarding Westport Capital Partners LLC, please visit www.westportcp.com.

About Stockbridge
Stockbridge is a private equity real estate investment management firm led by veteran industry professionals. The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-added and opportunistic strategies. Stockbridge and its affiliates have approximately $14.4 billion of assets under management (as of March 31, 2019) spanning all major real estate property types, and certain specialty property types, throughout the United States. Visit http://stockbridge.com for further information.

About HFF
HFF and its affiliates operate out of 26 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 advisory, 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. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

North Signal Capital and Westport Capital Partners Break Ground on Dean Forest Commerce a 450,000 SF Industrial Park in Savannah, GA

Located seven miles from the Port of Savannah

Delivery is expected in December 2019

CBRE will be the leasing representative

Savannah, GA, January 31, 2019 – A joint venture owned by North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, broke ground today on two of the last developable sites within 10 miles of the Savannah port. The Joint Venture completed its acquisition of the land on October 31, 2018 and plans to develop two industrial buildings, 355,000 SF (Site 1) and 88,000 SF (Site 2), respectively.

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Rare New Construction Asset in Santa Barbara Sold by IPA

SANTA BARBARA, Calif., Dec. 21, 2018 – Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Marc, a new-construction, luxury 89-unit multifamily asset with a retail component in Santa Barbara, California. The asset sold for $56.2 million.

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Westport Capital Partners and Galaxy Investments Announce the Acquisition of Tavern Square in Old Town Alexandria

Vienna, Virginia – June 15, 2018 – A joint venture between certain funds managed by Westport Capital Partners LLC and certain affiliates of Galaxy Investments, LLC is pleased to announce that it has acquired Tavern Square, a 171,008 mixed-use project in Old Town Alexandria, Virginia.  Terms of the transaction were not disclosed.

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New ownership capitalizing on sustainably-developed building in advanced, modern community with big plans for attracting tenants.

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North Signal Capital and Westport Capital Partners Announce 340,000 SF Build to Suit within North Pointe Commerce Park

Charleston, SC, March 2, 2018 – West-Signal, a joint venture owned by an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, in coordination with, the South Carolina Department of Commerce and Berkeley County Economic Development is pleased to announce the commencement of construction on a 340,000 square foot build-to-suit warehouse and production facility for Science Applications International Corporation (SAIC) within North Pointe Commerce Park. SAIC is a leading technology integrator in the engineering, technical and information technology markets primarily serving the U.S. federal government.

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10700 and 10800 Geddes Change Hands, Transformation Underway

Westport Capital Partners Invests in Second Denver Asset

DENVER, November 2, 2017 – An entity owned by a fund managed by Westport Capital Partners LLC, a real estate investment firm, has acquired 10700 and 10800 East Geddes Avenue in Englewood, Colorado, from Colony Northstar, Inc. The 185,957 square foot two-property office center is located east of the Interstate 25 and Dry Creek interchange in the Inova Dry Creek Business Park. Ryan Stout, Nate Bradley and Zach Williams of Cushman & Wakefield have been hired as the exclusive leasing agents for the office property.

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The Mix at River’s Edge Begins Phase One of Master Plan

Provo, Utah (Oct. 25, 2017) – Westport Capital Partners LLC, an international real estate investment firm, today announced that its project The Mix at River’s Edge is moving forward with phase one of its Master Plan early next week. Demolition and removal of many existing buildings starts the process, focusing on Lolo’s, Big O Tires, Taco Time, and Kyoto restaurant.

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Condyne and Westport Capital Partners Acquire Brookwood Business Center

Transwestern Consulting Group (TCG) today announces it brokered the sale of Brookwood Business Center at 101 Billerica Ave. in Tewksbury and Billerica, Massachusetts, on behalf of Brookwood Financial Partners, LLC. The six-building, 448,707-square-foot park was purchased by a joint venture partnership between Condyne Capital Partners and a fund managed by Westport Capital Partners LLC.

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Store Here Completes Transaction of 27 Properties Across 6 States

Orange, California October 19, 2017 – Store Here, LLC, a joint venture between certain affiliates of Westport Capital Partners LLC (“Westport”) and Store Here Management LLC, has sold 27 assets in Colorado, Georgia, Louisiana, Indiana, Kansas and Texas.

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