Carlyle Group & Sabharwal Properties Refinance Industrial Properties In Brooklyn For $28M

Industrial property located at 155 King Street in Red Hook, Brooklyn, spanning 133,258 square feet, was involved in a refinancing transaction with a loan amount of $28,000,000 led by Charles F. Lowrey from Prudential Financial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Address: 155 King Street
• Market: Red Hook, Brooklyn

WoonJong Kim represented the landlord, Carlyle Group, and Sabharwal Properties in the deal, while 507 Osborn Street Owner, L.L.C. facilitated the $28 million refinance loan from Prudential Financial, with The Prudential Insurance Company of America playing a significant role in the transaction for the industrial properties in Red Hook and Brownsville, Brooklyn.