J.P. Morgan Global Alternatives Secures $45M Refinance Loan For Arcadia North Industrial Property
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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
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- Location2077 Corporate Ctr Dr W Tobyhanna, PA 18466, USA
- Loan Value$45,000,000
- Asset TypeIndustrial
- Parties10 Brokers, 1 Agency, 1 Lender
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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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