Cushman & Wakefield Arranges Acquisition Financing For Greencastle, PA, Industrial

1378 Armada Drive, Greencastle, PA

GREENCASTLE, PA— Cushman & Wakefield helped an affiliate of Stoltz Real Estate Partners get $25.61 million of financing to acquire 1378 Armada Drive , Greencastle, PA. The single-tenant building is currently leased to a subsidiary of Armada , a supply chain solutions company, through January 2034. The five-year fixed rate financing was provided by Short Hills, NJ-based Investors Savings Bank . The state-of-the-art facility was completed as a build-to-suit for Armada in 2013 as part of the consolidation and modernization of Armada’s Northeast logistics services for McDonald’s . The redistribution facility, McDonald’s largest in the US, is used to deliver food, beverages, equipment, and other restaurant products to distribution centers serving McDonald’s restaurants across the Northeast. A Cushman & Wakefield Equity, Debt and Structured Finance team of John Alascio and Andre Hass , arranged the financing. “The class A distribution center is a mission-critical location serving over 14,000 McDonald’s locations along the East Coast,” says Alascio, a Cushman & Wakefield senior managing director. “Given the superior attributes of the property and the best-in-class sponsorship, we were able to secure the financing from Investors Savings Bank , which provided the best rate and structure.”