Publications

APRIL 9, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

JDM Partners pays $550m for 12 properties

by Andrea Waitrovich

JDM Partners has purchased 12 properties from Lone Star Funds for $550.1 million.  All the office properties are fully leased to State Farm.

Eastdil Secured represented the seller. UBS originated fixed-rate loans on the properties.

The properties were part of a 6.2 million-square-foot portfolio that Lone Star bought from State Farm last year for $720 million. The buildings, which State Farm uses as operations centers, are in 11 states. Many have been renovated, and all have full-service cafeterias and substantial parking.

JDM acquired properties in Ballston Spa, N.Y.; Birmingham, Ala.; Charlottesville, Va.; Columbia, S.C.; Greeley, Colo.; Jacksonville, Fla.; Lincoln, Neb.; Murfreesboro, Tenn.; New Albany, Ohio; Newark, Ohi

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?