Eversheds Sutherland Advises MDH Companions in $1.26B Sale of Sunbelt Logistics Portfolio

Eversheds Sutherland is pleased to announce that it advised client MDH Partners in the $1.26 billion sale of its Sunbelt Logistics Portfolio to a global institutional investor. The 58-property institutional-quality logistics industrial real estate portfolio totals 9.7 million square feet in 10 states, and the company will retain a stake in the portfolio and operate the warehouses on behalf of the new owner.

The Sunbelt Logistics Portfolio is predominantly located across the southern United States and ideally positioned near major metropolitan areas. It includes 11 properties in Georgia; 10 properties in Florida; eight properties in Texas; seven properties in Arizona and Missouri; four properties in Tennessee and North Carolina; two properties in South Carolina and Virginia and one property in Kentucky. The portfolio consists of modern, state-of-the-art light industrial and bulk distribution properties with an average building size of 169,000 square feet.

Eversheds Sutherland Partners Kevin A. Thomas, Wes Sheumaker, Daniel R. McKeithen and Kristina Kopf Thomas led this transaction with additional assistance from Partners Mark D. Herlach, Scott Wright, and Associates Frank Comparetto III, Kailyn G. Coots, Danyelle J. Dukes, Mary Kate Nicholson, Vaughn Powell and Allison E. Speaker.

About Eversheds Sutherland’s Real Estate Practice Group

With more than 400 attorneys dedicated to real estate globally, the Eversheds Sutherland Real Estate group has developed a comprehensive understanding of the market, the economics of our clients’ industries and the legal issues that affect them. The team brings together transactional real estate and finance attorneys, which gives Eversheds Sutherland depth and speed to help clients identify opportunities, propose creative solutions and deal with complex issues when they arise. The attorneys have exceptional knowledge around tax and regulatory issues, and they comb through transaction details to make sure clients’ needs and concerns are addressed. The US-based team works in virtually every state and major real estate market, and international deals span the globe. Eversheds Sutherland has the depth to manage many different types of deals, including niche areas such as timber acquisition, hospitality, complex real estate finance, including multi-tranche mezzanine debt and data center development and leasing.

About Eversheds Sutherland’s Tax Practice Group

Eversheds Sutherland (US) serves as tax counsel to many of the world’s most prominent companies—including more than one third of the Fortune 100—in every area of federal, international, state and local tax law. Our focus is on helping clients achieve their objectives in a tax-efficient manner and providing them with the highest standard of representation in administrative as well as legal proceedings. With more than 170 tax attorneys in over 20 countries, including approximately 80 in the US, the team has extensive experience representing taxpayers with all aspects of taxation across the globe. We apply a cross-disciplinary, team approach to develop customized solutions and uncover new opportunities for taxpayers, and counsel clients on domestic and international tax planning, tax controversy, insurance taxation, joint ventures and partnerships, tax accounting, state and local tax, employee benefits and executive compensation. We also represent taxpayers in administrative proceedings and in judicial controversies. Our lawyers chart a way through the maze of national and sub-national tax laws and provide integrated tax advice for today’s multi-jurisdictional business environment.

About Eversheds Sutherland 
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 79 of the Fortune 100, 65 of the FTSE 100 and 134 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in over 70 offices in more than 30 countries across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. 

Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. For more information, visit eversheds-sutherland.com.