NEW YORK, NY – Real estate investment manager Clarion Partners LLC has provided a $415 million mezzanine loan as part of a package, to refinance a portion of Blackstone's Cubic/Colony industrial portfolio, which totals 110 properties.
The logisticis portfolio comprises 15.7 million square feet across 15 markets. The properties are primarily located in the Dallas-Fort Worth, Phoenix, AZ, Baltimore, MD and Atlanta, GA markets.
The portfolio is more than 93% leased to more than 300 unique local, regional and national tenants.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
