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Northwest Bank Lends $35M on Boston-Area Industrial BuyLuzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned.
JLL Arranges $75M in Financing for Industrial Park in Medford, New YorkMEDFORD, N.Y. — JLL has arranged $75 million in financing for Rechler Business District, a master-planned industrial business park in Medford, located on Long Island.
JLL Arranges $66.8M Refinancing for Industrial Development in Stuart, FloridaSTUART, FLORIDA — JLL Capital Markets has arranged a $66.8 million loan to refinance South Florida Gateway, a 987,184-square-foot industrial development located at 2400-2450 Southwest Gateway Place in Stuart, a coastal city about 40 miles north of West Palm Beach.
Blackstone Upsizes £1B Industrial Loan As Giant Platform Refinancing ContinuesBlackstone upsized the loan to refinance UK logistics assets after high investor demand.
BWE Secures Loan for 11-Building N. Colorado Industrial SaleBWE secured a $27.3 million loan to finance the acquisition of Prospect Innovation Campus, an 11-building, 226,461-square-foot light-industrial flex/R&D portfolio located in Fort Collins, Colorado. Ogilvie Partners was the seller. The buildings sold for $42 million.
Darwin Investment Group Completes $130M Refinance of Industrial PortfolioDarwin Investment Group announced the completion of a $130 million refinancing of a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin.
Representative imageLargo Capital Places $24M Permanent Loan for Buffalo Industrial PropertyBUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo.
Avatar Furnishes Bridge Loan on Fully Leased Santa Ana WarehouseAvatar Financial Group LLC provided a $4.75-million bridge loan secured by a fully leased warehouse and distribution building in Santa Ana. The two-year, first-lien loan was originated at approximately 60% loan-to-value.
BREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial PortfolioThe loan will refinance existing debt on a 96%-leased warehouse and light industrial portfolio spanning 18 states.
JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three StatesNEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina.
FedEx's Consolidation Plan Puts $3B Of CMBS Debt In CrosshairsFedEx's consolidation could trouble industrial landlords with leases expiring before mortgages mature.
Representative imageBWE Arranges $48M Refinancing for 978,000 SF Industrial Property in DeKalb, IllinoisDEKALB, ILL. — BWE has arranged $48 million to refinance a 978,000-square-foot logistics facility occupied by 3M in DeKalb. Mike Guterman of BWE arranged the fixed-rate loan, which features a 55 percent loan-to-value ratio.
Representative imageKnighthead Lends $63M or Doral, Fla., Industrial Portfolio BuyMidtown Capital Partners has sealed $62.92 million of acquisition financing to fund its purchase of 13 urban-infill, small-bay industrial assets in Doral, Fla., Commercial Observer has learned.
Representative imageCIBC Supplies $102M Refi for SkyREM Industrial PortfolioReal estate investment firm SkyREM has secured $101.8 million to refinance a 1.9 million-square-foot industrial portfolio across the East Coast, Commercial Observer has learned.
Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of SavannahHARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah.
Basis Industrial Receives $24M Construction Loan for Self-Storage Project in Wayne, New JerseyWAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne.
Representative imageDavis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, WashingtonDUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower.
Representative imageBridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San FranciscoSAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission…
Canyon Partners Provides Refi on Four-Building Elizabeth IndustrialCanyon Partners Real Estate LLC has provided a $67-million senior loan with Kurv Industrial to refinance Kurv Elizabeth, a Class-A industrial property in Elizabeth, NJ. The transaction was facilitated by CBRE.
MassHousing Closes on Financing for Swampscott Affordable DevelopmentMassHousing has closed on the final financing for the 114-unit The Westcott in Swampscott, developed by WinnCompanies on a former industrial site following approval by the Town of Swampscott.