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Biynah Industrial Partners Acquires Industrial Property In Menands For $61M

590 Broadway
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This Industrial property located in NY received a loan of $61,000,000 almost 2 years ago. The brokers of the deal were Matthew Schoenfeldt and Lucas Borges

Biynah Industrial Partners has acquired a property located at 590 Broadway in Menands. The industrial asset was transacted for a loan amount of $61,000,000. The deal, facilitated by brokers Matthew Schoenfeldt and Lucas Borges from JLL Capital Markets, took place on June 20, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $61,000,000
  • Date: 06/20/2022
  • Address: 590 Broadway
  • Market: Menands
  • Landlord: Biynah Industrial Partners
  • Brokers: Matthew Schoenfeldt & Lucas Borges - JLL Capital Markets

The acquisition of the industrial property at 590 Broadway in Menands was made possible through a loan. The loan type for this transaction was acquisition.

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Deals
  • Location
    590 Broadway, New York City, New York 10012, United States590 Broadway, New York City, New York 10012, United States
  • Loan Value
    $61,000,000$61,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Lucas Borges

Lucas Borges

Deals3
Financed$252.5M

Matthew Schoenfeldt

Matthew Schoenfeldt

Deals6
Financed$251M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Matthew Schoenfeldt, Ben Applebaum & Lucas Borges DATE: 06/20/2022 ADDRESS: 590 Broadway MARKET: Menands ASSET TYPE: Industrial LANDLORD: Biynah Industrial Partners BROKERS: Matthew Schoenfeldt & Lucas Borges - JLL Capital Markets LOAN AMOUNT: $61,000,000 LOAN TYPE: Acquisition

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590 Broadway

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