Sumitomo Mitsui Banking Corporation Finances $67.96M Acquisition Of Industrial Properties In Phoenix

In a recent transaction, Sumitomo Mitsui Banking Corporation has provided a loan of $67,960,000 to support the acquisition of six industrial properties in the Phoenix area. The properties, totaling 586,915 square feet, are located at 6718 S Harl Ave, 9160 Sout McKemy S, 9185 South Farmer Ave, 9245 South Farmer Avenue, 7400 East Tierra Buena Lane, and 125 North 67th Ave. These industrial assets offer a significant investment opportunity in the Tempe, Scottsdale, and Phoenix markets of Arizona.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $67,960,000
• Lender: Sumitomo Mitsui Banking Corporation
• Landlord: Steven Schwarz - ViaWest Group of Phoenix & Walton Street Capital
• Broker: JLL

This financial support from Sumitomo Mitsui Banking Corp. enables the acquisition of these industrial properties, highlighting their value and potential in the Phoenix market. The involvement of Steven Schwarz as the landlord, representing the ViaWest Group of Phoenix and Walton Street Capital, adds to the credibility and expertise behind this transaction. The collaboration with JLL as the broker furthers the significance of this deal in the commercial real estate industry.