Madison Capital Secures $126M Loan From PCCP For Acquisition Of Four Logistics Assets

The transaction involves four industrial logistics assets located at 1700 45th Street East in Sumner, WA; 1400 Country Ridge Road in Bedford, PA; 4877 North Cotton Lane in Goodyear, AZ; and 1400 Northwest Broad Street in Murfreesboro, TN. The total acquisition loan amount is $126,000,000 for a purchase valued at $230,000,000, with the properties totaling 1.8 million square feet. This paperwork is linked to a sale-leaseback arrangement with REI Co-op.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $126,000,000
• Lender: PCCP
• Landlord: Bryan Lisser - Madison Capital

Madison Capital secured the acquisition financing for the transaction, involving coordination with PCCP for the financing needed to acquire the four logistics assets. These properties are situated in diverse markets across the states of Arizona, Washington, Pennsylvania, and Tennessee, enhancing their regional value for logistics operations.