Affinius Capital Provides $85M Loan For Acquisition Of Industrial Warehouse In Suffolk, VA

An $85 million loan has been secured by Affinius Capital LLC for the acquisition of an 814,000-square-foot industrial warehouse located at 150 Judkins Ct in Suffolk, VA. The property is situated in the Hampton Roads region of Virginia.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $85,000,000
• Square Footage: 814,000
• Address: 150 Judkins Ct
• Market: Suffolk, VA

The loan was provided by Affinius Capital LLC, previously known as Square Mile Capital Management and USAA Real Estate. This loan will facilitate the acquisition of the industrial warehouse. The deal involved Matt Ballard and Scott Lewis of CBRE acting as brokers, representing the buyer, while Eric Cohen from Affinius Capital LLC served as the lender. The property's landlord is Andrew Schlossberg of Invesco Real Estate.