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.