FINANCED
Portman Industrial Secures $29M Construction Loan For Silver City Business Park
Route 24 & Route 140
Industrial
1,100,000 SF
1,100,000 SF
Financed 99 days ago
Summary
Loan
MASSACHUSETTS
Industrial
1,100,000 sqft
Atlanta-based Portman Industrial has secured $29 million in construction financing from BMO Harris Bank for the first phase of Silver City Business Park. The industrial business park, located at the intersection of Route 24 and Route 140 in Taunton, Massachusetts, spans a total of 1.1 million square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,000,000
- Address: Route 24 & Route 140, Taunton, MA
- Market: Taunton
- Landlord: John Gaskin - Portman Industrial
- Lender: BMO Harris Bank
- Loan Type: Construction
- Loan Terms: Three-year loan
Portman Industrial, led by John Gaskin, is developing Silver City Business Park in Taunton. With the $29 million construction financing provided by BMO Harris Bank, they are moving forward with the first phase of the industrial business park. Portman Industrial aims to create a state-of-the-art facility that meets the needs of businesses in the area.
Details
FINANCED
IMAGE: John Gaskin
DATE: 01/31/2024
ADDRESS: Route 24 & Route 140
MARKET: Taunton, MA
ASSET TYPE: Industrial ~ SF: 1,100,000
LENDER: BMO Harris Bank
LANDLORD: John Gaskin - Portman Industrial
LOAN AMOUNT: $29,000,000
LOAN TYPE: Construction
LOAN TERMS: three-year loan
NOTE: Atlanta-based Portman Industrial has secured $29 million in construction financing for the first phase of Silver City Business Park, a 1.1-million-square-foot industrial business park in Taunton, Massachusetts.View on map
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AddressRoute 24 & Route 140
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