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Bridge Development Partners Secures $441.7M Loan For Sunset Industrial Park In Brooklyn

Sunset Industrial Park, 50 20th Street
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This Industrial property located in NY received a loan of $441,660,000 over 2 years ago. The brokers of the deal were Adam Licari, Steven Binswanger, Grant Frankel, and Gary Phillips

Sunset Industrial Park, located at 50 20th Street in Brooklyn, has been involved in a recent closed transaction. This industrial property spans 1,774,638 square feet, providing ample space for various industrial activities. The transaction took place on November 24, 2021.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $441,660,000
  • Address: Sunset Industrial Park, 50 20th Street, Brooklyn
  • Market: Brooklyn
  • Square Footage: 1,774,638

The loan for the transaction was secured from JP Morgan, a reputable lender. The landlords of Sunset Industrial Park are Steve Poulos and Tony Pricco, who represent Bridge Development Partners. The brokers involved in the deal are Grant Frankel, Gary Phillips, Steve Binswanger, and Adam Licari, who are affiliated with Eastdil Secured.

This closed transaction at Sunset Industrial Park showcases the collaboration between JP Morgan as the lender, Steve Poulos and Tony Pricco as the landlords representing Bridge Development Partners, and Grant Frankel, Gary Phillips, Steve Binswanger, and Adam Licari as the brokers from Eastdil Secured.

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Deals
  • Location
    Sunset Industrial Park, 50 20th Street, Brooklyn, NY, USASunset Industrial Park, 50 20th Street, Brooklyn, NY, USA
  • Loan Value
    $441,660,000$441,660,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Adam Licari

Adam Licari

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Financed$1.1B

Grant Frankel

Grant Frankel

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Financed$7.1B

Gary Phillips

Gary Phillips

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Financed$10.4B

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

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Deal Summary

LOAN IMAGE: Gary Phillips, Grant Frankel, Steve Poulos, Adam Licari, Tony Pricco & Steve Binswanger DATE: 11/24/2021 ADDRESS: Sunset Industrial Park, 50 20th Street MARKET: Brooklyn ASSET TYPE: Industrial ~ SF: 1,774,638 LENDER: JP Morgan LANDLORD: Steve Poulos & Tony Pricco - Bridge Development Partners BROKERS: Grant Frankel, Gary Phillips, Steve Binswanger & Adam Licari - Eastdil Secured LOAN AMOUNT: $441,660,000

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Sunset Industrial Park, 50 20th Street

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