Updated Oct 9, 2026
Foxfield Real Estate Secures $132.4M Refinance Loan For Lower Bucks Logistics Hub In Langhorne PA
1620 Martin Luther King Jr Expressway
$132,400,000
$162/SF
Building Size
814,000 SF
Asset Type
Industrial
Closing
Sep 4, 2025
About this deal
AI
The transaction involves an industrial asset located at 1600 & 1620 East Old Lincoln Highway in Langhorne, PA, encompassing a total square footage of 814,000. The refinancing was secured for an amount of $132,400,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $132,400,000
- Lender: Perry Katz - Affinius Capital
- Landlord: Jeffrey Theobald - Foxfield Real Estate
- Brokers: Chad Orcutt & Michael Pagniucci - JLL
- Loan Type: Refinance
Foxfield Real Estate, in partnership with a New York private equity firm, arranged for the refinancing through Affinius Capital. The financing was organized by JLL's Chad Orcutt and Michael Pagniucci for the two-building complex that was completed in 2024.
On the Map
$132,400,000
$162/SF
Industrial
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Players
Langhorne 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93