Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing and equity placement for the development of Fort Prince Distribution Center, a 436,800-square-foot, Class A, bulk industrial warehouse building in Spartanburg, South Carolina.

Working on behalf of the developer, Courtland Group, the HFF team arranged joint venture equity from JDI Realty. Additionally, the HFF team placed the $19.5 million, five-year construction loan with CrossHarbor Capital Partners.

Fort Prince Distribution Center will be a cross-dock building with 36-foot clear heights, 66 dock doors and two automatic drive-in doors. Situated on 56 acres in the West Side Industrial submarket, the one-story building is located just off of Interstate 85, which is known as the industrial backbone of the Southeastern U.S., and less than two miles from Interstate 26. The property is strategically positioned between Spartanburg and Greenville, and a tenant could reach more than 95 million consumers within one day’s drive and have direct interstate access to import/export goods through the Port of Charleston, one of the most productive ports in the nation.

The HFF debt and equity placement team representing the borrower consisted of senior managing directors Travis Anderson and Chris Norvell, senior directors Cory Fowler and Trent Niederberger and director Patrick Nally.

About Courtland Group

Founded in 1998, Courtland Development is a regional development firm based in Dallas, Texas. The firm offers both build-to-suit and pre-constructed spec buildings to their clients, with developments including industrial, office, retail and multi-family. Courtland also acts as managing partner for multiple mixed-use developments totaling in excess of 8 million square feet. Current projects include DFW Inland Port, a 120 acre rail-served industrial project on I-45 South of Wilmer, Texas; Mountain Creek Business Park, a 450 acre flex/light industrial development on Spur 408 just east of I20 in Dallas, Texas and Courtland Farms, a new expansion of the property at Mountain Creek Business Park that will include multi-family development. Courtland Development has recently expanded their development firm into South Carolina with the addition of Fort Prince Distribution Center.

About JDI Realty

JDI Realty is a well-capitalized, opportunistic private equity real estate firm. With over $2 billion invested since 1988, JDI has built a nationwide reputation for speed, innovative structuring, execution, and professionalism. Visit https://www.jdirealty.com for more 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.