Blackstone Real Estate Income Trust Secures $690M Loan For 44 Unit Industrial Portfolio In Multiple US Markets
JLL brokers loan for $690M 44-Unit Industrial Portfolio
Industrial
3,800,000 SF
3,800,000 SF
Financed 1 year ago
+ 2
Summary
The property involved in this closed transaction is a 44-unit industrial portfolio located in multiple markets including Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. The property consists of both industrial and office space.
Summary of transaction details
- Property Type: Industrial & Office
- Transaction Amount: $690,000,000
- Loan Type: Term Loan & Revolving Credit
- Loan Term: Two-year, floating-rate
The lender for this transaction is Wells Fargo Bank, and the landlord is Blackstone Real Estate Income Trust. The deal was facilitated by JLL, with brokers Trey Morsbach, Michael Cosby, Bo Beidleman, and Ryan Pollack representing the parties involved.
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JLL brokers loan for $690M 44-Unit Industrial Portfolio
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