Madison Capital Secures $126 Million Loan For Acquisition Of Four Distribution Centers

The property asset involved is a portfolio of four premier distribution centers long-term leased to specialty outdoor retailer REI Co-op. The acquisition amount totals $230 million, and the portfolio encompasses 1.8 million square feet 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 Murfreesboro Road in Lebanon, TN.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $230,000,000
• Loan Amount: $126,000,000
• Loan Type: Acquisition
• Lender: PCCP
• Landlord: Madison Capital
• Market: Sumner, WA; Bedford, PA; Goodyear, AZ; Lebanon, TN

Madison Capital has successfully secured financing for this acquisition, indicating the firm’s strategic investments in industrial assets catering to reputable tenants such as REI Co-op across diverse markets in the United States.