A partnership between Innovo Property Group and Affinius Capital has secured a $334M financial package to recapitalize a 1M SF warehouse in the Bronx that opened last year and is occupied by Amazon as an anchor tenant.
Bank OZK provided a $250M senior mortgage on the new logistics center at 2505 Bruckner Boulevard, with PIMCO adding an $84M mezzanine loan. Cushman & Wakefield arranged the transaction.
OZK, based in Little Rock, AR (the OZK is short for Ozarks), also was the primary lender on a $305M construction loan for the project in 2020, along with EverWest Real Estate Investors.
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