Phelan Development And LaSalle Partners Secure $66.7M Refinance Loan For Lathrop II Warehouse

An industrial property located at 17995 Murphy Parkway in Lathrop, California, encompassing a total space of 847,000 square feet, has been refinanced for an amount of $66,700,000. This transaction is situated in the Lathrop market.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $66,700,000
• Lender: Eric Cohen - Affinius Capital
• Landlord: Jeffrey Phelan - Phelan Development
• Landlord: Mark Gabbay - LaSalle Partners
• Broker: Craig Zarro - Preferred Capital Advisors
• Loan Type: Refinance

Phelan Development and LaSalle Partners successfully secured the $66.7 million refinance for the property, with Craig Zarro from Preferred Capital Advisors arranging the financing to meet the growing demand from tenants in Northern California's Central Valley.