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Westchester Industrial Port...

Dune Real Estate Partners LP & Robert Martin Company Obtain $500M Refinance Loan For Westchester Industrial Portfolio
FINANCEDIndustrial

Dune Real Estate Partners LP & Robert Martin Company Obtain $500M Refinance Loan For Westchester Industrial Portfolio

Westchester Industrial Portfolio

$500,000,000

$200/SF

Building Size

2,500,000 SF

Asset Type

Industrial

Closing

Aug 13, 2025

AI

The Westchester Industrial Portfolio, located in Westchester, New York, encompasses an asset type classified as industrial, spanning a total square footage of 2,500,000. The deal involved a loan amount of $500,000,000, categorized as a refinance transaction.

Summary of transaction details:

The transaction was facilitated by a team of brokers from JLL, specifically Peter Rotchford, Christopher Peck, Andrew Scandalios, Tyler Peck, and Christopher Pratt, who played key roles in representing the landlord during the refinance of the Westchester Industrial Portfolio.

Players

Andrew Scandalios

JLL

Broker

$12B

vol

68 deals

Broker
JLL
JLLBrokerage
RC
Robert Martin CompanyLandlord

New Rochelle Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93