Rodin® Global Property Trust, Inc. Announces Acquisition of Dallas Fort-Worth Industrial Building
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Rodin Global Property Trust, Inc. ("Rodin Global"), a real estate investment trust sponsored by Cantor Fitzgerald Investors, LLC ("CFI"), a leading sponsor of real estate investment management products, announced the acquisition of an 89,473 square foot industrial facility ("the Property") in the Dallas Fort-Worth submarket of Lewisville, Texas. Rodin Global purchased the asset for $14.1 million from a subsidiary of Mohr Capital. The Property is 100% leased to HOYA Optical Labs of America, Inc. ("HOYA Optical Labs"), a leading manufacturer of prescription lenses and a subsidiary of HOYA Corporation.
The Property is the North American Headquarters and largest U.S. production facility for HOYA Optical Labs. HOYA Optical Labs executed a 12-year lease extension in 2016 and continues to show its commitment to the Property by investing in state-of-the-art equipment and infrastructure. HOYA Corporation, the guarantor of the lease, is rated AA by the Japan Credit Rating Agency, Ltd. The facility operates 24 hours a day, 7 days a week.
"The Dallas-Fort Worth industrial market is a regional distribution hub with strong fundamentals, including robust job and population growth. The Property is located in the Waters Ridge Business Park, an institutional-quality industrial and office park," says Roger Shreero, Managing Director, Cantor Fitzgerald.
CFI and its affiliates completed more than $10 billion of commercial real estate acquisitions and financings over the past 18 months. "This acquisition demonstrates our continued commitment to invest in exceptional real estate, leased to quality credit tenants, in leading growth-markets," added Ken Carpenter, Managing Director, Cantor Fitzgerald and President of Rodin Global.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 7000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 23 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. For more information, please visit: http://www.cantor.com
About Rodin® Global Property Trust, Inc.
Rodin® Global Property Trust, Inc., intends to invest in and manage a diversified portfolio of income-producing, net-lease commercial properties located in the United States and select European countries.
Cantor Fitzgerald Investors, LLC
Cantor Fitzgerald Investors, LLC, a wholly-owned subsidiary of Cantor Fitzgerald, L.P., is a leading sponsor of real estate investment products.
Media Contact: Karen Laureano-Rikardsen, 212-829-4975
SOURCE Rodin Global Property Trust, Inc.
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