A $455 million financing package has been secured for the recapitalization of an industrial portfolio in Westchester County, New York. The portfolio consists of properties located at 2 Skyline Drive, 7 Odell Plaza, and 100 Clearbrook Road, with a total square footage of 2,600,000. The assets are classified as industrial properties.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $455,000,000
• Address: 2 Skyline Drive, 7 Odell Plaza, and 100 Clearbrook Road
• Market: Westchester County

The financing was provided by Bank of America. The landlords, Robert Martin Company and Dune Real Estate Partners, entered into a new joint venture to own and operate the properties as part of the recapitalization. The deal was facilitated by JLL Capital Markets, with brokers Michael Tepedino, Andrew Scandalios, Jose Cruz, Peter Rotchford, and Tyler Peck representing the parties involved in the transaction.

Note: JLL Capital Markets arranged both debt and equity for the transaction, allowing Robert Martin Company and affiliates of Dune Real Estate Partners to move forward with their industrial portfolio in Westchester County.