CLEVE-LAND, September 30, 2022 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of the Fan Engagement Zone, an 82,000 square foot sports and entertainment themed retail and hospitality space in the Hall of Fame Village operated by Johnson Controls Canton, Ohio. The real estate consultants from BGL Team acted as the exclusive financial advisor to the Hall of Fame Resort & Entertainment Company HOFV in the transaction, with Huntington National Bank and Twain Financial Partners Provision of Funding.
BGL acted as the exclusive financial advisor to the Hall of Fame Resort & Entertainment Company.
The Hall of Fame Resort & Entertainment Company (HOFV) is a leading sports, entertainment and media company headquartered in Canton, Ohio. Founded in 2020, the public company is the result of a business combination between HOF Village, LLC – a partnership established in 2016 between the Pro Football Hall of Fame and Industrial Realty Group (IRG) – and Gordon Pointe Acquisition Corp (GPAQ). . Led by experienced managers Michael Crawford, President and CEO of Hall of Fame Resort & Entertainment Company, HOF Village is poised to capitalize on its unique partnership with professional football. This platform allows for the further development of an integrated resort complex representing the Hall of Fame Village, as well as other gaming and media verticals.
The development financing consisted of: (i) senior construction debt with Huntington National Bank, (ii) building lease financing with Twain Financial Partners, and (iii) sponsor equity.
“We continue to move the ball down and couldn’t be happier with the progress and partnerships that have allowed us as a company to get to this point. We know that “it takes a village to build a village,” especially in the times we live in. We are grateful for the great work and coordination with BGL and other funding sources that…