Michelle Liu Of PGIM Provides $288.4 Million Refinance For Industrial Portfolio Across Multiple States
$288,400,000
$80/SF
Building Size
3,600,000 SF
Asset Type
Industrial
Closing
Jul 10, 2026
AI
The transaction involves an industrial portfolio consisting of eight properties totaling 3,600,000 square feet. This portfolio is located across several markets including Lehigh Valley, PA; Columbus & Cincinnati, OH; Indianapolis, IN; Chicago, IL; northern New Jersey; and Atlanta, GA. The loan amount for the refinance is $288,400,000 with a floating-rate structure.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $288,400,000
- Loan Type: Refinance
- Loan Terms: Floating-rate
- Lender: Michelle Liu - PGIM
- Assets located in: Lehigh Valley, Columbus, Cincinnati, Indianapolis, Chicago, northern New Jersey, Atlanta
- Total Square Footage: 3,600,000
Michelle Liu represents PGIM in this transaction, overseeing the provision of significant refinancing for the industrial assets situated in key logistics markets across multiple states.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93