H.I.G Realty Partners Provides $75M Acquisition/Bridge Loan For Industrial Property At 130-02 South Conduit In New York

An industrial property located at 130-02 South Conduit in New York has been involved in a closed transaction. The property spans approximately 173,973 square feet.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Market: New York
• Address: 130-02 South Conduit
• Lender: H.I.G Realty Partners - Michael Mestel, Daniel Tanner & Brianne Griffith
• Landlord: Triangle Equities - Josh Weingarten
• Brokers: Geoff Goldstein, Max Herzog & Jackie Ferrer - JLL

The loan for this transaction, which involved the acquisition or bridge, amounted to $75,000,000.

Note from brokers: The JLL Capital Markets Debt Advisory team, led by Geoff Goldstein and Max Herzog, provided advisory services for the $136M recapitalization. Andrew Scandalios, Rob Hinckley, Tyler Peck, and Nicco Lupo were also part of the team.