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100 Paragon Drive

Brennan Investment Group And Farallon Capital Secure $252.5M Refinance For Lower Terra Industrial Portfolio
FINANCEDIndustrial

Brennan Investment Group And Farallon Capital Secure $252.5M Refinance For Lower Terra Industrial Portfolio

100 Paragon Drive

$252,500,000

Building Size

Asset Type

Industrial

Closing

Jul 1, 2025

AI

The asset involved in this transaction is an industrial portfolio encompassing a total of 3,600,000 square feet located across the United States. The refinancing loan amount secured for the portfolio is $252,500,000.

Summary of transation details:

The transaction was facilitated by Apollo affiliates, providing financing for the 21-property Lower Terra Industrial Portfolio. This portfolio spans 17 markets across the country, showcasing the collaboration between Brennan Investment Group and Farallon Capital.

Players

Matthew Schoenfeldt

JLL

Broker

$1.4B

vol

16 deals

Broker
JLL
JLLBrokerage

Michael Brennan

Brennan Investment Group

Landlord

$744.1M

vol

14 deals

Landlord
Farallon Capital Management
Farallon Capital ManagementLandlord

Rochester Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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