Newmark Secures $151M In Financing For 30-Property Industrial Portfolio In Arizona

Newmark Secures $151M In Financing For 30-Property Industrial Portfolio In Arizona

Via rebusinessonline.com

PHOENIX — Newmark has secured $151 million in financing for a 30-property industrial portfolio in Arizona. The portfolio contains more than 4 million square feet of space occupied by more than 1,000 tenants.

The 15-year non-recourse loan features a rate below 4 percent. The portfolio is a mix of light industrial / manufacturing buildings with small to medium bay depths. The properties are located in Phoenix, Tempe, Mesa, Chandler, Gilbert, Glendale, Goodyear, Surprise and Peoria. Voya provided the permanent financing.

 

 

 

Comments are closed, but trackbacks and pingbacks are open.