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1747 East Patapsco Avenue
FINANCED

PGIM Real Estate Provides $78M Loan For Industrial Property In Curtis Bay

1747 East Patapsco Avenue

Industrial
830,000 SF
clock iconFinanced 33 days ago
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Summary

Loan
MARYLAND
Industrial
830,000 sqft

The industrial property at 1747 East Patapsco Ave, spanning 830,000 square feet in Curtis Bay, MD, was the subject of a $78 million loan provided by Eric Adler of PGIM Real Estate. The loan was secured for a four-building industrial property developed by Northpoint Development and AEW Capital Management.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $78,000,000
  • Address: 1747 East Patapsco Avenue
  • Market: Curtis Bay, MD
  • Lender: Eric Adler - PGIM Real Estate
  • Landlord: Northpoint Development & Jonathan Martin - AEW Capital Management

PGIM Real Estate's loan of $78 million for the industrial property involved a collaboration between Northpoint Development of Kansas City and AEW Capital Management of Boston, illustrating the joint effort behind the development and financing of the property.

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Details

Deal Summary
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FINANCED
IMAGE: 06/10/2024 ADDRESS: 1747 East Patapsco Avenue MARKET: Curtis Bay, MD ASSET TYPE: Industrial ~ SF: 830,000 LENDER: Eric Adler - PGIM Real Estate LANDLORD: Northpoint Development & Jonathan Martin - AEW Capital Management LOAN AMOUNT: $78,000,000 NOTE: PGIM Real Estate furnished a $78 million loan for a four-building industrial property spanning 830,000 square feet at 1747 East Patapsco Ave. in Baltimore, developed by a collaboration between Northpoint Development of Kansas City and AEW Capital Management of Boston.

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Address1747 East Patapsco Avenue

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