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CBRE Investment Management Secures $850 Million Refinance Loan From Blackstone For Industrial Assets

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FINANCED
$850,000,000
Thomas (Tom) Traynor
Tom Rugg
+ 3

Tennessee

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Industrial9,083,000 SF
Financed 03/30/2026
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FINANCED

CBRE Investment Management Secures $850 Million Refinance Loan From Blackstone For Industrial Assets

3299 Tchulatech Drive, 705 South Church Street, 1700 American Way, 700 Palmetto Logistics Parkway, 5999 Bixby Road, 1207 East Grant Line Road, 5220 Georgia Highway 138, 5850 North 101st Avenue, 65 Baekeland Avenue, 5112 2nd Avenue, 12555 Flatlands Avenue, 3555 South 28th Street, 8645 Almond Avenue & 2005 Sarasota Business Parkway Northeast

See Similar Deals
Industrial9,083,000 SF
Financed 03/30/2026
Thomas (Tom) Traynor
Tom Rugg
+ 3
Contact now

Summary

TENNESSEE
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:9,083,000 SF
Transaction Type:Loan

The transaction involved an industrial asset with a total square footage of 9,083,000. The addresses linked to the transaction are 3299 Tchulatech Drive; 705 South Church Street; 1700 American Way; 700 Palmetto Logistics Parkway; 5220 Georgia Highway 138; 2005 Sarasota Business Parkway Northeast; 5999 Bixby Road; 1207 East Grant Line Road; 8645 Almond Avenue; 5850 North 101st Avenue; 3555 South 28th Street; 65 Baekeland Avenue; 5112 2nd Avenue; and 12555 Flatlands Avenue. The markets where these properties are located include Memphis, TN; Hazleton, PA; Cedar Hill, TX; Palmetto, Union City & Conyers, GA; Canal Winchester, OH; Tracy & Fontana, CA; Glendale & Phoenix, AZ; Middlesex, NJ; and Brooklyn, NY.

Summary of transaction details:

The deal was facilitated with a loan amount of $850,000,000 focused on refinancing the existing financial arrangements. The key representatives for the landlord, CBRE Investment Management, played a crucial role in this transaction, with a team led by Tom Rugg and including Thomas (Tom) Traynor, Mark Finan, Arman Samouk, and Conrad Smith actively engaged in the process.

Players

Thomas (Tom) Traynor
39 deals$15B volume
BROKER

Mark Finan
CBRE
12 deals$5.9B volume
BROKER

Tom Rugg
CBRE
22 deals$8.2B volume(212) 984-8112
BROKER

Arman Samouk
CBRE
6 deals$2.8B volume(212) 895-0953
BROKER

Conrad Smith
CBRE
1 deal$850M volume(212) 895-0908
BROKER

Blackstone
LENDER

Details

FINANCED
IMAGE: Adam Gallistel, Bryan McGovern, Bob Sulentic, Ty Gerschick, Stephen A. Schwarzman, Jon Gray, Thomas Traynor, Mark Finan, Tom Rugg, Conrad Smith & Arman Samouk DATE: 3/30/2026 ADDRESS: 3299 Tchulatech Drive; 705 South Church Street; 1700 American Way; 700 Palmetto Logistics Parkway, 5220 Georgia Highway 138 & 2005 Sarasota Business Parkway Northeast; 5999 Bixby Road; 1207 East Grant Line Road & 8645 Almond Avenue; 5850 North 101st Avenue & 3555 South 28th Street; 65 Baekeland Avenue; 5112 2nd Avenue & 12555 Flatlands Avenue; MARKET: Memphis, TN; Hazleton, PA; Cedar Hill, TX; Palmetto, Union City & Conyers, GA; Canal Winchester, OH; Tracy & Fontana, CA; Glendale & Phoenix, AZ; Middlesex, NJ; Brooklyn, NY ASSET TYPE: Industrial ~ SF: 9,083,000 LENDER: Blackstone (@Blackstone) LANDLORD: CBRE Investment Management LANDLORD'S REP: Tom Rugg, Thomas (Tom) Traynor, Mark Finan, Arman Samouk (@armansamouk) & Conrad Smith - CBRE (@CBRE) LOAN AMOUNT: $850,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$850,000,000.00

Monthly NOI$5,666,666.67
Monthly Debt Service$5,372,578.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00