SparrowHawk & Almanac Realty Investors Secures $236.6 Million Loan From PPM America For Acquisition

The transaction involves a commercial property portfolio that encompasses 4,400,000 square feet across several locations, including 8481 Duke Blvd, 8615 & 8655 Jacquemin Dr, 2850 Earhart Ct, 645 Linn St, 1250 Boltonfield St, 6500 Adelaide Ct, 1500 Old Leonard Ave, 45 Lau Pkwy, 710 Deer Run Rd, 675 Mondial Pkwy, 271 Omega Pkwy, 1000 Premier Pkwy, 13201 Corporate Exchange Dr, 5801-5895 North Lindbergh Blvd, 117-119 Industrial Dr, 4730-4750 Earth City Expy, 4745 Earth City Expy & 3101-3128 Riverport Tech Center Dr, situated in markets including Cincinnati, Columbus, Dayton, Cleveland, Louisville, and St. Louis. The loan amount associated with this acquisition is $236,600,000 with a term of 5 years.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $236,600,000
• Lender: PPM America
• Borrower: SparrowHawk & Almanac Realty Investors
• Loan Type: Acquisition
• Loan Term: 5 years
• Brokers: Brian Walsh, Lucas Borges, Steven Klein, Christopher Pratt, Emma Berner & Christian Johnston - JLL

Key individuals representing the parties in the transaction include SparrowHawk and Almanac Realty Investors as the borrowers, with PPM America serving as the lender. The brokerage team from JLL facilitating the transaction features Brian Walsh, Lucas Borges, Steven Klein, Christopher Pratt, Emma Berner, and Christian Johnston, each playing a vital role in the negotiation and closing process.