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J.P. Morgan Global Alternatives Secures $45M Refinance Loan For Arcadia North Industrial Property

2077 Corporate Center Drive West
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This Industrial property located in PA received a loan of $45,000,000 10 months ago. The brokers of the deal were Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alexander (Alex) Hernandez, Aaron Graves, TJ Sullivan, and Jason Blankfein

Arcadia North, a fully occupied industrial property located at 2077 Corporate Center Drive West in Tobyhanna, Pennsylvania, has secured a $45 million loan for refinancing. Spanning across 1,050,701 square feet, this industrial asset has successfully completed a loan transaction with the support of Northwestern Mutual Life Insurance Co. through Cushman & Wakefield.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $45,000,000
  • Market: Tobyhanna, Pennsylvania
  • Loan Type: Refinance
  • Loan Terms: Floating rate

Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan, and Jason Blankfein from Cushman & Wakefield played a crucial role as brokers in facilitating the loan transaction for Arcadia North. Acting on behalf of the landlord, J.P. Morgan Global Alternatives, they successfully secured the refinancing deal with Northwestern Mutual Life Insurance Co.

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Deals
  • Location
    2077 Corporate Ctr Dr W Tobyhanna, PA 18466, USA2077 Corporate Ctr Dr W Tobyhanna, PA 18466, USA
  • Loan Value
    $45,000,000$45,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    10 Brokers, 1 Agency, 1 Lender10 Brokers, 1 Agency, 1 Lender

Agents

Jason Blankfein

Jason Blankfein

Deals4
Financed$147.6M

TJ Sullivan

TJ Sullivan

Deals26
Financed$1.9B

Steve Kohn

Steve Kohn

Deals16
Financed$4.5B

Kyle Schmidt

Kyle Schmidt

Deals17
Financed$977.8M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Northwestern Mutual

Northwestern Mutual

Lender
Deals10
Volume$ 34.7B

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Deal Summary

LOAN IMAGE: Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan & Jason Blankfein DATE: 05/23/2023 ADDRESS: 2077 Corporate Center Drive West MARKET: Tobyhanna, Pennsylvania ASSET TYPE: Industrial ~ SF: 1,050,701 LENDER: Northwestern Mutual Life Insurance Co. LANDLORD: J.P. Morgan Global Alternatives BROKERS: Gerry Blinebury, Brendan McGeary, Gary Gabriel, Kyle Schmidt, Steve Kohn, John Alascio, Alex Hernandez, Aaron Graves, TJ Sullivan & Jason Blankfein - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance LOAN TERMS: floating rate NOTE: J.P. Morgan Global Alternatives has secured a $45 million loan for the refinancing of Arcadia North, a fully occupied 1,050,701-square-foot industrial property in Tobyhanna, PA. The loan was provided by Northwestern Mutual Life Insurance Co. through Cushman & Wakefield.

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2077 Corporate Center Drive West

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