Rodin Global Property Trust Inc., a New York-based real estate investment trust sponsored by Cantor Fitzgerald Investors LLC, a sponsor of real estate investment management products, has acquired an 89,473 square foot industrial facility in Lewisville.
Rodin Global purchased the asset for $14.1 million from a subsidiary of Mohr Capital. The property, at 651 E Corporate Dr. in Lewisville, is 100 percent leased to HOYA Optical Labs of America Inc., a leading manufacturer of prescription lenses and a subsidiary of HOYA Corp.
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,” said 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,” said Ken Carpenter, managing director, Cantor Fitzgerald and president of Rodin Global.