PIMCO Provides $94M Construction Loan For College Point Logistics Center In NYC

The College Point Logistics Center, located at 28-02 Whitestone Expressway in New York City, has recently undergone a closed transaction for a construction loan. The industrial property spans a total of 314,000 square feet, offering ample space for various industrial activities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $94,000,000
• Lender: PIMCO
• Landlord: Wildflower Ltd.
• Brokers: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz (AdamSchwartz88), Ari Hirt, and Mo Beler - Walker & Dunlop

PIMCO, a prominent lending institution, provided the construction loan for this transaction. Wildflower Ltd. acts as the landlord for the College Point Logistics Center, facilitating the deal. The brokers involved in this transaction include Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz (AdamSchwartz88), Ari Hirt, and Mo Beler from Walker & Dunlop.