LBA Logistics is getting CMBS single borrowing financing worth $577.63 million for its 25 industrial portfolio that measures more than seven million square feet.
Called LBA Logistics Value Fund VII, the properties are located in 10 states including California, Nevada, Ohio, Kentucky New Jersey, Utah, Washington, Florida, Tennessee, and Georgia. They are located in some major metro areas including Los Angeles and Orlando.
The industrial properties feature web services, food and beverage, building materials, logistics, and a wide range of tenants that specialize in various industries. Also, Value Fund VII is fully occupied.
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