Cobalt Sells 1M-SF Portfolio

DALLAS-Irving, TX-based Cobalt Capital Partners LP sold its 14-building, 1.4-million-square-foot industrial portfolio. The portfolio, which includes facilities located throughout the MSA, was 96% occupied at the time of sale. HFF’s Randy Baird, Jud Clements and Robby Rieke represented Cobalt in the transaction.“This portfolio of assets was well-leased to a group of financially strong tenants, which made it attractive to market the buildings for sale,” says Lewis D. Friedland, Cobalt’s managing partner. “Our asset management and property management teams did a great job of creating value through leasing activity and tenant retention, which maximized the value for our investors.”