HFF Announces Sale and Financing of Mission-critical Industrial Facility in Dallas-Fort Worth MSA

11/9/17

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and acquisition financing for ESAB North American Center, a fully leased, mission-critical, 422,819-square-foot, triple-net-leased industrial facility located in the North Dallas suburb of Denton, Texas.

The HFF team marketed the property on behalf of the seller, Mohr Capital. New Mountain Net Lease Corporation, a wholly-owned subsidiary of New Mountain Finance Corporation, a publicly traded business development company, purchased the property free and clear of existing debt. Additionally, working on behalf of the new owner, the HFF team placed the five-year, fixed-rate, securitized loan with KeyBank, N.A.

ESAB North American Center is fully occupied by ESAB, produces equipment and filler metals for virtually every welding and cutting application, and serves as its world headquarters. The property was completed in two phases in 1970 and 2016 and features clear heights between 18 and 36 feet, 19 dock-high doors, one drive-in door, 200-foot truck courts and less than 15 percent office finish. Situated on 30.08 acres at 2800 Airport Road in Denton, the property is within the Northwest Dallas industrial market and located near the intersection of Interstates 35 East and 35 West.

The investment advisory team comprised members of the HFF Industrial team, including managing director Adam Herrin and director Stephen Bailey, and the HFF Net Lease team, including senior managing director Mark West and senior managing director Coler Yoakam.

The HFF debt placement team consisted of managing director Brandon Chavoya and director Michael George.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.

About Mohr Capital

Mohr Capital is a privately held real estate investment firm that specializes in acquisition and development of industrial, office and healthcare assets throughout the U.S. Mohr Capital relies on years of experience, strong regional relationships and an entrepreneurial approach to capitalize on market opportunities. Learn more at http://mohrcap.com.

About New Mountain Finance Corporation

New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. In some cases, investments may also include small equity interests. In 2016, the Company added net lease real estate to the existing range of credit and yield opportunities. The Company's investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. More information about New Mountain Finance Corporation can be found on the Company's website at http://www.newmountainfinance.com.

About HFF

HFF and its affiliates operate out of 24 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 visithfflp.com or follow HFF on Twitter @HFF.

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