Blackstone Mortgage Trust, Madison Capital, Meadow Partners & Acadia Realty Trust Provide $300M Loan For Sunset Park Industrial Property

The industrial property located at 850 Third Avenue in Sunset Park, Brooklyn has been involved in a closed transaction. The property, which is owned by Salmar Properties, has attracted a loan amount of $300,000,000 from blackstone''>Blackstone Mortgage Trust, Madison Capital, Meadow Partners, and Acadia Realty Trust. This significant loan reflects the value and potential of the property in the industrial market.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $300,000,000
• Lender: Blackstone Mortgage Trust, Madison Capital, Meadow Partners, Acadia Realty Trust
• Landlord: Salmar Properties

Noteworthy individuals and companies involved in this deal include Kathleen McCarthy, Kenneth Bernstein, Jonathan Gray, Richard Wagman, and Ken Caplan. These professionals, representing their respective agencies, played crucial roles in facilitating the transaction.