Merritt Properties Secures $621 Million Refinance Loan From M&T Bank For Industrial Portfolio

The transaction involves Merritt Properties’ Maryland Industrial Portfolio, comprising 58 industrial properties totaling 6,282,861 square feet located in the Baltimore-Washington Metropolitan Area. A refinance loan of $621,000,000 has been secured for this extensive portfolio. The lender for the transaction is M&T Bank, and the landlords are Merritt Properties and its affiliates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $621,000,000
• Address: Merritt Properties’ Maryland Industrial Portfolio
• Market: Baltimore-Washington Metropolitan Area
• Asset Type: Industrial (58 Properties)
• Square Footage: 6,282,861
• Lender: M&T Bank
• Landlord: Merritt Properties & its affiliates
• Brokers: Pete Pittroff, Anthony Fertitta, Travis Anderson, Evan Parker, Christopher Pratt - JLL
• Loan Type: Refinance

The deal was facilitated by a team of brokers from JLL, including Pete Pittroff, Anthony Fertitta, Travis Anderson, Evan Parker, and Christopher Pratt, who played a key role in representing the landlords in this refinancing transaction.