Triangle Equities Secures $85M Refinance Loan From LoanCore Capital For Terminal Logistics Center In Queens
New York
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The Terminal Logistics Center is located at 130-02 South Conduit Avenue in Queens, featuring an industrial asset encompassing 184,747 square feet. The loan amount for this transaction is $85,000,000, which is categorized as a refinance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $85,000,000
- Market: Queens
- Lender: Chad Jones & Brent Van Fossan - LoanCore Capital
- Sponsors: Josh Weingarten & Evan Petracca - Triangle Equities, Michael Lohr - Goldman Sachs Urban Investment Group (UIG)
- Broker: Max Herzog, Marko Kazanjian, Andrew Cohen & Max Hulsh - Institutional Property Advisors (IPA)
This transaction involves key figures such as Chad Jones and Brent Van Fossan from LoanCore Capital, who served as the lenders. The sponsors include influential personalities from Triangle Equities and Goldman Sachs Urban Investment Group, highlighting the collaboration among prominent entities in this refinancing deal.
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