Cantor Fitzgerald Investors, LLC, and Rodin Global Property Trust, Inc., Acquire Class A Office Building
NEW YORK, Aug. 6, 2018 /PRNewswire/ -- Cantor Fitzgerald Investors, LLC ("CFI"), a leading sponsor of real estate investment management products, announces the purchase of a recently developed 241,493 square foot, Class A office building located in the Easton submarket of Columbus, Ohio. CFI, together with Rodin Global Property Trust, Inc. ("Rodin Global"), a public, non-traded real estate investment trust sponsored by CFI, acquired the asset for $46.95 million. The property is 100 percent leased through September 2032 to Comenity Servicing LLC, a subsidiary of Alliance Data Systems Corporation, which serves as guarantor of the lease.
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 commitment to investing in assets that possess both high credit quality tenants and strong real estate fundamentals," says Roger Shreero, Managing Director, Cantor Fitzgerald.
Recently constructed in 2017, the building is part of a three-property office campus that houses more than 1,700 employees and serves as the headquarters for Alliance Data Card Services. The property is located in the Easton submarket of Columbus, Ohio, a 1,300-acre master planned community comprised of approximately 4.2 million square feet of Class A office space and almost 3.8 million square feet of retail space, as well as several multifamily residential properties and luxury hotels.
"This building represented another excellent opportunity for us to continue on our trajectory of disciplined growth, expanding our portfolio with exceptional assets and world-class tenants," explains Ken Carpenter, Managing Director, Cantor Fitzgerald and President of Rodin Global. "It demonstrates our continued focus on seeking strategic investments in mission-critical assets with creditworthy tenants on long-term leases."
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 23 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. For more information, please visit: http://cantorfitzgprd.wpenginepowered.com/.
About Rodin Global Property Trust, Inc.
Rodin Global Property Trust, Inc., Rodin Global, intends to invest in and manage a diversified portfolio of income-producing, net-lease commercial properties located in the United States and select European countries.
About Cantor Fitzgerald Investors, LLC
Cantor Fitzgerald Investors, LLC, a wholly-owned subsidiary of Cantor Fitzgerald, L.P., is a leading sponsor of real estate investment products.
SOURCE Cantor Fitzgerald