CHARLOTTE—A joint venture between Schmier & Feurring Properties, Inc., L&J Schmier Management and Investment Company and Independencia Asset Management LLC, has secured a $78.5 million acquisition loan for the Keith Corporation Industrial Portfolio. Cushman & Wakefield's Equity Debt & Structured Finance team in Atlanta arranged the financing.

The Keith Corporation Industrial Portfolio is a 10-asset, class A industrial portfolio spanning 1.93 million square feet. The industrial portfolio is partially located in the greater metropolitan area of Charlotte, NC. CushWake's Mike Ryan, Brian Linnihan, Jeff Walker, and Larry Johnson represented the joint venture.

“Our client was seeking acquisition financing for the 10-asset industrial portfolio,” says Ryan, senior managing director for Cushman & Wakefield Equity Debt & Structured Finance in Atlanta. “One of the 10 assets is a build-to-suit, which is still under construction; therefore, we acquired the financing on the existing nine assets with the ability for a future advance when the build-to-suit property is completed.”