YONKERS, NY—Alfred Weissman Real Estate has secured an $80 million refinance for its 435,000-square-foot warehouse facility here. The fixed-rate loan was provided by JP Morgan Asset Management on behalf of its investors and Cushman & Wakefield's Gideon Gil, Zachary Kraft and Meredith Donovan served as exclusive advisers to the borrower.
Located at 555 Tuckahoe Rd., the warehouse facility is fully-leased to a credit tenant.
"JP Morgan was able to strategize and underwrite with our client during the depths of the COVID-19 crisis to provide a customized financing solution," said Gil in prepared remarks. "Financing for high-quality industrial product with credit tenancy and quality sponsorship remains strong."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
