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Hdg Mansur Announces Significant Letting With Hill’s Pet Nutrition
HDG Mansur announces lease renewal with HIll's Pet Nutrition
HDG MANSUR ANNOUNCES SIGNIFICANT LETTING WITH HILL’S PET NUTRITION
February 7, 2012
HDG Mansur, announced today that Hill’s Pet Nutrition (Hill’s), has executed a 142,434 square foot lease renewal to remain in Capital Tower, a 7-story, Class A office building owned and operated by HDG Mansur in Topeka, Kansas. The building serves as the global headquarter location for Hill’s.
Hill’s is a $2.2 billion, global division of Colgate-Palmolive and the maker of Science Diet® and Prescription Diet® brand pet foods. Their mission is to help enrich and lengthen the special relationship between people and their pets by providing the best, leading-edge pet nutrition technology, products and expertise to pet owners, veterinary professionals and other key pet professionals worldwide.
Hill's has more than 2,600 employees around the world. Hill's® pet food products are sold in more than 90 countries with total sales of more than $2 billion. Veterinarians worldwide recommend and feed their own pets Hill's products more than any other brand of pet food. Today, the product line includes more than 80 Prescription Diet brand pet foods and more than 90 Science Diet brand pet foods.
“We are extremely pleased to have completed this transaction with Hill’s Pet Nutrition, “commented Mark Susemichel, HDG Mansur’s Head of Investment Management, US on behalf of the landlord. “We are excited to have the opportunity to provide Hill’s its corporate headquarters location in Topeka and we are pleased to continue our relationship with such a high caliber company.”
The landlord was represented in the transaction by Randy Goldsmith, Doug Grossenbacher and Mike Klamm of CBRE.
Since acquiring the property in June 2004, HDG Mansur has completed several upgrades to existing amenities as well as completing several building improvements to address the energy savings and sustainability needs of the tenant.
HDG Mansur is a leading international real estate company with more than 25 years experience in providing real estate fund and asset management services and property development services. Since 1982, HDG Mansur’s business activity includes:
• $5.2 billion in international real estate investments
• $5.1 billion in real estate financing
• $1.4 billion in planned and managed equity
• 31 million square feet in real estate investments
• 25+ years of experience
• Four offices worldwide – London, New York, Indianapolis and Dubai