{"id":714757,"date":"2022-11-23T18:58:15","date_gmt":"2022-11-23T23:58:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bgl-real-estate-advisors-announces-sale-leaseback-for-the-indoor-waterpark-at-hall-of-fame-village\/"},"modified":"2022-11-23T18:58:15","modified_gmt":"2022-11-23T23:58:15","slug":"bgl-real-estate-advisors-announces-sale-leaseback-for-the-indoor-waterpark-at-hall-of-fame-village","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bgl-real-estate-advisors-announces-sale-leaseback-for-the-indoor-waterpark-at-hall-of-fame-village\/","title":{"rendered":"BGL Real Estate Advisors Announces Sale Leaseback for the Indoor Waterpark at Hall of Fame Village"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n CLEVELAND<\/span>
\n <\/span>, Nov. 23, 2022<\/span><\/span> \/PRNewswire\/ —\u00a0Brown Gibbons Lang & Company (BGL)<\/a>\u00a0is pleased to announce the financial closing of a sale-leaseback transaction for the 147,000 square foot, football themed, indoor Waterpark at the Hall of Fame Village powered by Johnson Controls in Canton, Ohio<\/span> with Blue Owl’s Real Estate Division, Oak Street<\/a>.\u00a0 \u00a0\u00a0<\/p>\n

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BGL\u2019s Real Estate Advisors have facilitated development financing for five components of the HOFV project.<\/div>\n

The Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio<\/span>, and is the owner of the Hall of Fame Village. Established in 2020, the publicly traded company is the result of a business combination between HOF Village, LLC \u2014 a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG), established in 2016 \u2014 and Gordon Pointe Acquisition Corp (GPAQ). Under the leadership of seasoned executive Michael Crawford<\/span>, President & CEO, HOFV is poised to capitalize on its unique partnership with professional football. This platform allows for the continued development of an integrated resort complex that is the Hall of Fame Village, as well as other gaming and media verticals.\u00a0<\/p>\n

“Blue Owl is pleased to work with HOFV on the financing of such an important component of the Hall of Fame Village and to continue their partnership with IRG, one of the leading industrial developers in the country,” said Colleen Collins<\/span>, Managing Director of Blue Owl. “We also wanted to acknowledge BGL’s creativity to facilitate this transaction in the current challenging capital markets.”<\/p>\n

The themed, experiential, destination masterplan of Hall of Fame Village includes three phases:<\/p>\n