J.P. Morgan Global Alternatives Secures $45M Refinance Loan For Arcadia North Industrial Property | 2077 Corporate Center Drive West | Northwestern Mutual | Jason Blankfein, TJ Sullivan, Steve Kohn, Kyle Schmidt, John Alascio, Gary Gabriel, Alexander (Alex) Hernandez, Gerry Blinebury, Aaron Graves, Brendan McGeary | Industrial | Loan

Summary

Loan

PENNSYLVANIA

Industrial

1,050,701 sqft

Arcadia North, a fully occupied industrial property located at 2077 Corporate Center Drive West in Tobyhanna, Pennsylvania, has secured a $45 million loan for refinancing. Spanning across 1,050,701 square feet, this industrial asset has successfully completed a loan transaction with the support of Northwestern Mutual Life Insurance Co. through Cushman & Wakefield.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $45,000,000
Market: Tobyhanna, Pennsylvania
Loan Type: Refinance
Loan Terms: Floating rate

Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan, and Jason Blankfein from Cushman & Wakefield played a crucial role as brokers in facilitating the loan transaction for Arcadia North. Acting on behalf of the landlord, J.P. Morgan Global Alternatives, they successfully secured the refinancing deal with Northwestern Mutual Life Insurance Co.

Players

All
12

Agents
10
Agencies
1
Lenders
1

$23M Sold

$188.3M Sold

$1.2B Sold

$977.8M Sold

Executive Managing Director

$206.3M Sold

Gary Gabriel

Vice Chair

$3.4B Sold

Alexander (Alex) Hernandez

Executive Managing Director

$865M Sold

$114.4M Sold

$54.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan & Jason Blankfein DATE: 05/23/2023 ADDRESS: 2077 Corporate Center Drive West MARKET: Tobyhanna, Pennsylvania ASSET TYPE: Industrial ~ SF: 1,050,701 LENDER: Northwestern Mutual Life Insurance Co. LANDLORD: J.P. Morgan Global Alternatives BROKERS: Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan & Jason Blankfein - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance LOAN TERMS: floating rate NOTE: J.P. Morgan Global Alternatives has secured a $45 million loan for the refinancing of Arcadia North, a fully occupied 1,050,701-square-foot industrial property in Tobyhanna, PA. The loan was provided by Northwestern Mutual Life Insurance Co. through Cushman & Wakefield.

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Address2077 Corporate Center Drive West

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