Stonepeak has received $120 million to fund its industrial nine portfolio purchase in Jacksonville, Florida.
The lender on the deal is PGIM Real Estate. The move marks the real estate finance provider's third loan to Stonepeak in 2024. Most recently, PGIM gave its borrowing partner a $57 million loan to fund an industrial portfolio in Fort Worth, Texas. That was then followed by $74.5 million in funding for a three industrial assets in Chicago, Illinois.
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