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.