Net Lease - Industrial by Colliers

Meet the team

Ken Hedrick

Vice Chairman

Ken co-leads a respected Net Lease Capital Markets team based out of Colliers’ Tulsa market. Prior to joining Colliers, Ken served as Executive Managing Director for Newmark where he and his team served clients including high-net-worth 1031 exchange buyers, funds, private equity groups, and institutions. Ken has over 21 years of experience in commercial real estate. He earned his Master of Business Administration degree in marketing and finance from Oklahoma City University and his Bachelor of Science in Business Administration degree in marketing from Oklahoma State University.

D. Andrew Ragsdale

Vice Chairman

Andrew co-leads a respected Net Lease Capital Markets team based out of Colliers’ Tulsa market. Prior to joining Colliers, Andrew served as Senior Managing Director for Newmark where he and his team served clients including high-net-worth 1031 exchange buyers, funds, private equity groups, and institutions. Andrew has over 16 years of experience in commercial real estate. He earned his Juris Doctor degree from the University of Tulsa College of Law and his Bachelor of Science degree in finance from Oklahoma State University.

Phillip Butts

Associate Vice President

Phillip serves as an Associate Vice President on a Net Lease Capital Markets team based out of Colliers’ Tulsa market. Prior to joining Colliers, Phillip served as Associate Director for Newmark where he and his team served clients including high-net-worth 1031 exchange buyers, funds, private equity groups, and institutions. Phillip has over 14 years of experience in commercial real estate and earned Bachelor of Science degrees in both Finance and Energy Management from the University of Tulsa.

Grace focuses primarily on business development, transaction management, due diligence, market research, as well as marketing efforts for the Net Lease Capital Markets team. Prior to joining Colliers, Grace was a Marketing Specialist at Hillwood for their industrial leasing team. Grace has 8 years of experience in the commercial real estate industry and holds a BS in Communications from the University of North Texas.

NOTABLE TRANSACTIONS

FedEx Freight Cross-Dock Truck Terminal

INDUSTRY LEADING 100TH FEDEX SOLD

Edwardsville (Kansas City), Kansas

Completed the sale of their 100th FedEx leased property with the sale of the FedEx Freight in Kansas. The team represented the seller in a call for offers process and there were several rounds of offers, with a final best and final offers round. The asset garnered interest from international capital, but ultimately a domestic institutional investor was awarded the deal. The seller was a FedEx preferred developer that expanded the facility to make it the largest FedEx Freight terminal in the United States with 335 dock-doors.

BUILDING SIZE

355 Dock Doors

126 Acres LAND SIZE

Developer SELLER

Institution BUYER

Represented an individual seller in a call for offers process. There was existing non-market debt with a substantial pre-payment penalty. Our team leveraged the full platform, including our International Capital Markets and Structured Debt/Finance Capital Markets teams, to secure a foreign capital investor with new debt to acquire the property.

1,500,000

Our team ran a targeted call for offers process. The seller required that we not conduct a broad marketing effort and that the successful buyer would provide the full capital stack (land acquisition, fund construction, acquisition). We curated a list of 15 qualified buyers and ran a targeted competitive process that generated numerous offers from qualified groups. After our best and final round, we awarded the deal to a life insurance company that acquired the land, funded construction and acquired the data center at completion.

(13)

INDUSTRIAL PORTFOLIO SALE

Awarded a listing for a portfolio of thirteen (13) FedEx leased assets from a FedEx preferred developer. The goal was to maximize sale proceeds by selling each asset individually. The team successfully executed a detailed strategy to market the properties on staggered timelines individually and ultimately sold each asset. The buyers consisted of individual investors, family offices, institutions and private equity companies.

Various States

Sports + Outdoors Industrial Warehouse Distribution

INSTITUTIONAL CALL FOR OFFERS

Represented an institutional seller in a call for offers process. There was a long-term lease, sub investment grade credit and the property was in a tertiary market outside of Nashville. Our team ran a marketing process that generated numerous offers from private investors, institutions, private equity and family office. Our competitive process secured a private equity firm (family office) for the acquisition after the best and final round.

1,600,000 SF BUILDING SIZE $120MM SALE PRICE