KKR Provides $381M Construction Loan For Industrial Property In Hunts Point, NY

980 East 149th Street, West Bronx, Bronx, NY, USA

$381,000,000

$293/SF

Building Size

1,300,000 SF

Asset Type

Industrial

Closing

Sep 17, 2021

AI

Located in Hunts Point, the industrial property at 980 East 149th Street recently underwent a closed transaction. The property spans approximately 1,300,000 square feet, making it a substantial asset in the area. The deal was facilitated by brokers Christopher Peck, Andrew Scandalios, Peter Rotchford, and Tyler Peck LL.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $381,000,000
Address: 980 East 149th Street
Market: Hunts Point
Asset Size: 1,300,000 square feet
Lender: kkr''>KKR
Landlord: Turnbridge Equities & Dune Real Estate Partners LP
Brokers: Christopher Peck, Andrew Scandalios, Peter Rotchford, and Tyler Peck LL
Loan Type: Construction Loan

The financing for this transaction was provided by KKR, a notable lender in the industry. Turnbridge Equities and Dune Real Estate Partners LP acted as the landlords in this deal. The loan amount secured for the property was $381,000,000, specifically tailored as a construction loan for the development.

Players