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Wells Fargo Bank Provides $84.3M Loan For Industrial Properties In Miami, Bradenton, Forest Park, Greensboro, Phoenix, And Memphis

1350 Northwest 74th Street
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This Industrial property located in FL received a loan of $84,300,000 over 3 years ago. The brokers of the deal were Reid Carleton, Maxx Carney, Ed Coco, Christopher (Chris) Drew, and Carl Beardsley

An industrial property located at 1350 NW 74th Street, 3115-3165 Lakewood Ranch Blvd, 5300 Kennedy Road, 404, 420 A&B N. Chimney Road, and 4565 W. Watkins Street, with a total area of 1,580,000 square feet, was involved in a closed transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $84,300,000
  • Market: Miami, Bradenton, Forest Park, Greensboro, Phoenix, and Memphis

The lender for this transaction was Wells Fargo Bank, N.A. and the landlord was MDH Partners, represented by Arun Singh. The deal was brokered by Christopher Drew, Maxx Carney, Reid Carleton, Ed Coco, and Carl Beardsley from JLL.

The loan amount for this transaction was $84,300,000 with a five-year, floating-rate loan term.

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Deals
  • Location
    1350 Northwest 74th Street1350 Northwest 74th Street
  • Loan Value
    $84,300,000$84,300,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Reid Carleton

Reid Carleton

Deals11
Financed$524.5M

Maxx Carney

Maxx Carney

Deals13
Financed$731.6M

Ed Coco

Ed Coco

Deals5
Financed$256.4M

Christopher (Chris) Drew

Christopher (Chris) Drew

Deals15
Financed$678.4M

Carl Beardsley

Carl Beardsley

Deals6
Financed$624.3M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Christopher Drew, Maxx Carney, Reid Carleton, Ed Coco, & Carl Beardsley DATE: 11/11/2020 ADDRESS: 1350 NW 74th Street, 3115-3165 Lakewood Ranch Blvd, 5300 Kennedy Road, 404, 420 A&B N. Chimney Road, 4565 W. Watkins Street, 3527-3539 & 3543 Lamar Avenue MARKET: Miami, Bradenton, Forest Park, Greensboro, Phoenix, & Memphis ASSET TYPE: Industrial SF: 1,580,000 LENDER: Wells Fargo Bank, N.A. LANDLORD: MDH Partners - Arun Singh BROKERS: Christopher Drew, Maxx Carney, Reid Carleton, Ed Coco, & Carl Beardsley - JLL LOAN AMOUNT: $84,300,000 LOAN TERMS: five-year, floating-rate loan

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1350 Northwest 74th Street

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