KKR Provides $381M Construction Loan For Industrial Property In Hunts Point, NY
980 East 149th Street
Industrial
1,300,000 SF
1,300,000 SF
+ 2
Summary
Located in Hunts Point, the industrial property at 980 East 149th Street recently underwent a closed transaction. The property spans approximately 1,300,000 square feet, making it a substantial asset in the area. The deal was facilitated by brokers Christopher Peck, Andrew Scandalios, Peter Rotchford, and Tyler Peck LL.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $381,000,000
- Address: 980 East 149th Street
- Market: Hunts Point
- Asset Size: 1,300,000 square feet
- Lender: kkr''>KKR
- Landlord: Turnbridge Equities & Dune Real Estate Partners LP
- Brokers: Christopher Peck, Andrew Scandalios, Peter Rotchford, and Tyler Peck LL
- Loan Type: Construction Loan
The financing for this transaction was provided by KKR, a notable lender in the industry. Turnbridge Equities and Dune Real Estate Partners LP acted as the landlords in this deal. The loan amount secured for the property was $381,000,000, specifically tailored as a construction loan for the development.
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980 East 149th Street
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