PGIM Provides $83M Senior Loan For Self Storage Portfolio In Brooklyn & Queens

Four properties located at 150 17th Street, 651 Utica Avenue, 1690 East New York Avenue, and 87-16 121st Street were involved in a recent closed transaction in Brooklyn and Queens. The asset type of these properties is self-storage, collectively spanning 280,041 square feet. The lending institution for this deal was PGIM, with The Carlyle Group acting as the landlord. The transaction was facilitated by brokers Rob Turner & Adam Licari from Eastdil Secured.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $83,000,000
• Address: 150 17th Street, 651 Utica Avenue, 1690 East New York Avenue, 87-16 121st Street
• Market: Brooklyn & Queens

The individuals and companies central to this transaction included the lender, PGIM, and the landlord, The Carlyle Group. The deal's brokerage representation was handled by Rob Turner & Adam Licari from Eastdil Secured. No additional information was provided regarding the specific roles or details of the parties involved in the transaction.