The Meritex portfolio totals 2.3 million sf of industrial space in Columbus, OH, Indianapolis, IN, Denver, CO and Memphis, TN. The terms include two notes with staggered maturities that cross-collateralize and cross-default assets.
Murray Kornberg, director, and Doug Seylar, managing director, of L.J. Melody's Minneapolis office secured the funding. Meritex Enterprises, Inc. owns and operates over 9 million sf of industrial property in Atlanta, Chicago, Columbus, Denver, Indianapolis, Kansas City, Memphis, Minneapolis, and St. Paul. Babson manages over $200 billion in assets and is a member of MassMutual Financial Group, one of North America's largest life insurance and financial services companies.
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