HFF Announces Sale of Fully Leased Distribution Center in Eastern Texas

HFF announces the sale of Orgill Distribution Center, a 550,000-square-foot, Class A distribution facility fully leased to Orgill, the world’s largest independent hardware distributor, in the eastern Texas community of Kilgore.

The HFF team marketed the property on behalf of the seller, Elysian Partners, LLC.  W. P. Carey Inc. purchased the asset.

The property is triple net leased to Orgill and serves as its distribution center for Texas, Oklahoma, Louisiana and southern Arkansas.  Completed in 2007, the property is currently being expanded by almost 329,000 square feet with completion expected mid-2019.  Situated on 65.25 acres at 7001 Elder Lake Road, Orgill Distribution Center is south of Interstate 20 and approximately 70 miles west of Shreveport, Louisiana.  

The HFF investment advisory team representing the seller included managing director Adam Herrin and director Stephen Bailey.

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

About Elysian Partners, LLC
Elysian Partners, LLC is a privately held, diversified real estate company with broad experience in the development, redevelopment, acquisition and management of commercial property including commercial and industrial, shopping centers and an office park.  The company manages its own portfolio of properties in house and work with a network of outside leasing and sales professionals.  Since its founding in 1991 in Harrisburg, Pennsylvania, the company’s portfolio has included two Target-anchored power centers, nine grocery-anchored strip centers, two unanchored neighborhood convenience centers, two office buildings, an office park and commercially zoned land holdings. Selected assets within the portfolio have been sold over the years, and today the company owns and manages properties in Pennsylvania, Maryland, Florida and Texas from its headquarters in Boca Raton, Florida.  Learn more at elysianpartners.com.

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.