Cushman & Wakefield Arranges $25.5M Loan For Industrial Portfolio In Warren, PA

The property involved in this transaction is a two-building industrial portfolio located at 100-200 Murray Drive in Warren, PA. This asset encompasses a total of 853,611 square feet and has secured a loan amount of $25,500,000. Approximately 83% of the property is leased to notable tenants, including Cummins and Whirley Industries, indicating a strong leasing environment supported by its infrastructure and location.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Address: 100-200 Murray Drive
• Market: Warren, PA
• Asset Size: 853,611 SF
• Broker Representatives: Brad Domenico, Frank Stanislaski & Ethan Thompson - Cushman & Wakefield
• Borrower: Yisroel Cherns

Cushman & Wakefield played a pivotal role in arranging the $25.5 million loan for this industrial portfolio, demonstrating the firm's involvement in facilitating financing. The transaction reflects strong demand in the industrial sector, particularly given the portfolio's high leasing rate and the caliber of its tenants.