FINANCED
H.I.G Realty Partners Provides $75M Acquisition/Bridge Loan For Industrial Property At 130-02 South Conduit In New York
130-02 South Conduit, South Ozone Park, Ny
Industrial
173,973 SF
173,973 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Industrial
173,973 sqft
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.
Players
All
5
Agents
2
Agencies
2
Lenders
1
Details
FINANCED
IMAGE: Geoff Goldstein, Max Herzog, Josh Weingarten, Michael Mestel & Daniel Tanner
DATE: 03/20/2023
ADDRESS: 130-02 South Conduit
MARKET: New York
ASSET TYPE: Industrial ~ SF: 173,973
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 (@JLL)
LOAN AMOUNT: $75,000,000
LOAN TYPE: Acquisition/Bridge
NOTE FROM BROKERS: The JLL Capital Markets Debt Advisory team was led by Geoff Goldstein and Max Herzog. Andrew Scandalios, Rob Hinckley, Tyler Peck, and Nicco Lupo provided advisory services on the $136M recapitalization.View on map
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Address130-02 South Conduit, South Ozone Park, Ny
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