KPR Centers–PCCP Joint Venture Secures $70 Million Bridge Loan For Tri-State Distribution Center In Claymont

The property asset involved in this transaction is a 525,000-square-foot industrial facility located at 401 Naamans Road in Claymont, Delaware. The transaction included a bridge loan amounting to $70,000,000, with the financing secured for a three-year period.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $70,000,000
• Address: 401 Naamans Road
• Market: Claymont, DE
• Loan Type: Bridge
• Lender: Pearlmark
• Brokers: Michael Pagniucci, Chad Orcutt, Christopher Drew, Ethan Rodgers & Michelle Morgenstern - JLL

The bridge financing was arranged by JLL on behalf of a KPR Centers–PCCP joint venture, facilitating the acquisition of the Tri-State Distribution Center. The transaction reflects the collaborative effort of multiple brokers who played a significant role in securing the financing for this industrial asset.