JLL Capital Markets Arranges $60.8M Loan For Industrial Properties In Brooklyn & Maspeth

The industrial property located at 250 Johnson Ave., 124-134 Forrest St., 132 54th St., 58-17 59th Drive & 5700 49th Place in Brooklyn and Maspeth has been involved in a loan transaction. The property, spanning 200,000 square feet, was refinanced.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $60,800,000
• Lender: Chase
• Landlord: Seagis Property Group LP
• Brokers: Gregory Nalbandian, Jim Cadranell, Michael Lachs & Alex Staikos - JLL Capital Markets
• Loan Terms: 10-year, non-recourse, interest-only

The loan amount for the refinancing of this industrial property was $60,800,000. The lender involved in the transaction was Chase. The landlord of the property is Seagis Property Group LP. The brokers representing the deal were Gregory Nalbandian, Jim Cadranell, Michael Lachs & Alex Staikos from JLL Capital Markets. The loan terms agreed upon were a 10-year duration, non-recourse, and interest-only.