Penwood Real Estate Investment Management & Metrix Real Estate Services Secure $12.66M Loan For Hamilton Industrial Property

130 Commerce Center, an industrial property located in Hamilton, was involved in a closed transaction. The property spans across 171,000 square feet and is owned by Penwood Real Estate Investment Management LLC and Metrix Real Estate Services LLC. The transaction took place on February 18, 2021, with Michael Klein and Max Custer from JLL Capital Markets representing the buyers. The loan amount for the transaction was $12,660,000, provided by Money Center Bank. The loan terms were a three-year, floating-rate loan.

Summary of transaction details:

• Property Type: Industrial
• Address: 130 Commerce Center, Hamilton
• Market: Hamilton
• Loan Amount: $12,660,000
• Loan Terms: Three-year, floating-rate loan
• Square Footage: 171,000

Michael Klein and Max Custer from JLL Capital Markets played a crucial role as brokers in this transaction. They represented the buyers in securing the loan from Money Center Bank. The involvement of these experienced brokers highlights the significance of their expertise in the industrial property market.