RL Cold And BGO Secure $78.5M Refinance Loan For Cold-Storage Facility In Lula, Georgia

The asset involved in this transaction is a cold-storage facility located at 3875 Cornelia Highway in Lula, Georgia. This industrial property spans 268,060 square feet. The refinancing deal secured a loan amount of $78,500,000 from QuadReal, specifically for this fully leased facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $78,500,000
• Address: 3875 Cornelia Highway
• Market: Lula, GA
• Lender: QuadReal
• Landlord: RL Cold & BGO
• Brokers: Nick Scribani, Blake Thompson, Jordan Roeschlaub & Jonathan Firestone - Newmark
• Loan Type: Refinance

The deal was led by the landlord entities RL Cold and BGO, who engaged QuadReal to secure the refinancing. The transaction was facilitated by a team of brokers from Newmark, comprising Nick Scribani, Blake Thompson, Jordan Roeschlaub, and Jonathan Firestone, who played a crucial role in executing this refinance agreement.