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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555 Tuckahoe Rd., located in Southern Westchester County, has direct access to numerous commercial transportation routes, including the New York State Thruway, New England Thruway, Cross Westchester Expressway, Bronx River Parkway, Saw Mill River Parkway, Sprain Brook Parkway and Hutchinson River Parkway.
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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.
