Richard W. Stone Of Sagard Real Estate Secures $257.7M Loan From Wells Fargo For Industrial Portfolio

The asset involved in this transaction is an industrial portfolio consisting of 16 properties totaling 1,700,000 square feet across eight states in the United States. The refinancing was secured for a total amount of $257,700,000 from Wells Fargo, with an expiration date set for 2027. The portfolio features 80% shallow bay warehouses, with over half classified as Class A, and includes significant assets located in Florida and Colorado.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $257,700,000
• Address: Industrial Portfolio
• Market: United States
• Asset Square Footage: 1,700,000
• Lender: Wells Fargo
• Landlord: Richard W. Stone - Sagard Real Estate
• Loan Maturity: 2027

This transaction highlights the role of Richard W. Stone representing Sagard Real Estate, the landlord in the refinancing agreement. The deal reflects Sagard’s national repositioning strategy, focusing on enhancing the value of their industrial assets across the country.