Bridge Industrial Secures $413M Loan For Logistics Park In Tacoma, WA | 5024 South Madison Street | Bank OZK, Mesa West Capital, Morgan Stanley | James Muhlfeld | Industrial | Loan

Summary

Loan

WASHINGTON

Industrial

2,480,000 sqft

The industrial property located at 5024 South Madison Street in Tacoma, WA, spans 2,480,000 square feet. Bridge Industrial is the landlord of this asset. Bank OZK and Mesa West Capital, along with Morgan Stanley Real Estate, provided the loan for this property.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $413,000,000
Lender: Bank OZK, Mesa West Capital, Morgan Stanley Real Estate
Landlord: Bridge Industrial
Broker: James Muhlfeld - Eastdil Secured

Bridge Industrial secured a $413 million debt package for the construction of a logistics park in Tacoma, Wash. The first-mortgage construction loan of $263 million for the Bridge Point Tacoma project was provided by Bank OZK. James Muhlfeld from Eastdil Secured represented the deal as the broker.

Players

All
5

Agents
1
Agencies
1
Lenders
3

Details

Deal Summary

FINANCED

IMAGE: Josh Westerberg, Jack Condon, Jacob Rosen & James Muhlfeld DATE: 03/18/2024 ADDRESS: 5024 South Madison Street MARKET: Tacoma, WA ASSET TYPE: Industrial ~ SF: 2,480,000 LENDER: Bank OZK, Mesa West Capital - Josh Westerberg, Jack Condon & Jacob Rosen & Morgan Stanley Real Estate LANDLORD: Bridge Industrial BROKER: James Muhlfeld - Eastdil Secured LOAN AMOUNT: $413,000,000 NOTE: Bridge Industrial has secured a $413 million debt package to construct a logistics park in Tacoma, Wash., with Bank OZK providing a $263 million first-mortgage construction loan for the Bridge Point Tacoma project.

View on map

Address5024 South Madison Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want