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

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.