CBRE Investment Management Secures $850 Million Refinance Loan From Blackstone For Industrial Assets
Tennessee
See Similar DealsCBRE 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
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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:
- Property Type: Industrial
- Transaction Amount: $850,000,000
- Lender: Blackstone
- Landlord: CBRE Investment Management
- Landlord's Representatives: Tom Rugg, Thomas (Tom) Traynor, Mark Finan, Arman Samouk, and Conrad Smith - CBRE
- Loan Type: Refinance
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.
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