Two Trees Management Secures $80M Construction Loan For Industrial Property On Kent Avenue

Located in the bustling neighborhood of Williamsburg, the industrial property at 292-314 Kent Avenue recently underwent a significant transaction. The asset encompasses a total of 93,882 square feet, making it a substantial addition to the market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $80,000,000
• Address: 292-314 Kent Avenue, Williamsburg
• Market: Williamsburg

Acting as the lender, M&T Bank provided a construction loan of $80,000,000 for this transaction. The loan will support the development and improvement of the industrial property.

In this deal, Two Trees Management, represented by David C. Walentas, acted as the landlord. Their involvement underlines their commitment to the development and growth of the Williamsburg market.