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:
- Property Type: Industrial
- Transaction Amount: $500,000,000
- Lender: Starwood Property Trust
- Landlord: Dune Real Estate Partners LP & the Robert Martin Company
- Brokers: Peter Rotchford, Christopher Peck, Andrew Scandalios, Tyler Peck & Christopher Pratt - JLL
- Date of Transaction: 8/14/2025
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
New Rochelle Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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