Tremont Realty Capital Secures $27 Million Refinance Loan For 400 Devon Park Drive In Wayne PA

400 Devon Park Drive is an industrial property located in Wayne, PA, comprising 138,065 square feet. The property was involved in a refinance transaction with a loan amount of $27 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,000,000
• Address: 400 Devon Park Drive
• Market: Wayne, PA
• Asset Size: 138,065 SF
• Lender: Tom Lorenzini - Tremont Realty Capital
• Broker: JLL
• Loan Type: Refinance
• Loan Terms: three-year initial term with two one-year extension options

The refinance loan for the property was arranged by JLL and funded by The RMR Group, highlighting the involvement of key industry players in this transaction.