PCCP Provides $245.8M Loan To Refinance Industrial Portfolio In Pennsylvania And Florida

The transaction involves the refinancing of eight industrial buildings located in Middletown, Pennsylvania, Lakeland, and Plant City, Florida, under the ownership of Adam Gallistel from CBRE Investment Management. The total loan amount provided is $245,800,000, with significant portions allocated for individual properties, including $142.4 million for Capital Logistics Center, $70 million for Centerstate Logistics Center, and $33.4 million for Lakeside Logistics Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $245,800,000
• Lender: PCCP
• Landlord: Adam Gallistel - CBRE Investment Management
• Broker Representatives: Christine Dierker, Scott Lewis, Matt Ballard, and Brooke Kellam - CBRE
• Market: Middletown, PA; Lakeland & Plant City, FL
• Loan Type: Refinance

The financing was arranged specifically for the refinancing process of the industrial portfolio, showcasing the collaborative efforts of brokers Christine Dierker, Scott Lewis, Matt Ballard, and Brooke Kellam, who played a key role in structuring the loans. PCCP LLC facilitated this financial arrangement through three senior loans aimed at enhancing the operational efficiency of the properties involved.