MDH Partners recently closed the acquisition of six Class-A industrial buildings totaling 1,475,580 square feet. The $165 million deal comprises six fully leased buildings located in Miami; Atlanta; Jacksonville, Florida; Louisville, Kentucky; Cincinnati, Ohio; and Columbus, Ohio. Houston Hawley led the acquisition for MDH. JLL represented the seller. 

“This portfolio features best-in-class modern facilities in prime locations,” said Hawley. “Acquiring high-quality assets in growing markets at a discount to replacement cost fundamentally made sense. The caliber of the tenants and their investment in these facilities further underscore the portfolio’s value.”

The portfolio’s six assets are distributed evenly across key Southeast and Midwest markets. Each building is fully occupied by single tenants operating across the pharmaceutical, aerospace, food and beverage and household products industries. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term.  

The portfolio encompasses the following:

• Located in Miami, 7601 Riviera Boulevard is 69,679 square feet and leased to Compass Group USA, the nation’s largest family of food service facilities and services companies.

• In Jacksonville, Florida, 10501 Cold Storage Road is 552,700 square feet and leased to Margo Garden Products, a wholesaler of lawn and garden products.

• In Atlanta, 780 Hartman Road is 246,920 square feet and leased to SupplyOne, a provider of customized packaging solutions for North America. 

• In Louisville, Kentucky, 167 International Boulevard is 235,013 square feet and leased to ICS AmerisourceBergen, a third-party logistics provider with the Cencora network. 

• In Cincinnati, Ohio, 2775 Ted Bushelman Boulevard is 68,388 square feet and leased to GE Aerospace, a world-leading provider of jet and turboprop engines. 

• In Columbus, Ohio, 9750 Innovation Campus Way is 302,880 square feet and leased to Hims, an American telehealth company providing prescription and over-the-counter medications along with personal care products. 

MDH is currently investing its Fund III, a $1.2 billion discretionary fund, and has closed more than $1.3 billion in assets since the beginning of 2024. The firm continues to actively pursue industrial investment opportunities across all risk profiles. MDH currently owns or manages approximately 35 million square feet across 33 markets in 18 states.