Lightstone Group Secures $14.4M Loan For Industrial Property On Forest Lane In Garland

The industrial property located at 4040 Forest Lane in Garland recently underwent a closed transaction. The property spans an impressive 649,361 square feet, making it a significant asset in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,400,000
• Date: 02/02/2021
• Address: 4040 Forest Lane
• Market: Garland
• Asset Type: Industrial
• Square Footage: 649,361

The borrower, Lightstone Group, represented by David Lichtenstein, successfully secured a loan for the property. The lender, RGA Reinsurance Co., provided a seven-year fixed-rate loan in the amount of $14,400,000. JLL Capital Markets acted as the broker in this transaction.