Center Capital Partners Secures $150 Million Loan From KeyBank For Industrial Outdoor Storage Expansion

The asset involved in this transaction is an industrial property located at 320 West Stanley Avenue in Ventura, CA. The loan amount secured for the property is $150,000,000, facilitating the expansion of an industrial outdoor storage platform. The funding is allocated through Center Capital Partners' Terminal Logistics Fund II, which aims to support further acquisitions and growth within the sector.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $150,000,000
• Lender: KeyBank
• Landlord: Jeremy Cohen - Center Capital Partners
• Broker: Justin Horowitz - Cooper Horowitz

This transaction signifies the strategic movement of Center Capital Partners, represented by Jeremy Cohen, in securing vital financing to enhance its portfolio of industrial outdoor storage assets. Broker Justin Horowitz played a key role in facilitating this transaction with KeyBank, reflecting the increasing institutional demand for this sector.