Home›Real Estate›Industry›Centerbridge and Henderson secure $208.5M loan for log…

Centerbridge and Henderson secure $208.5M loan for logistics recapitalization

The five-year, floating-rate debt will cover plans to recapitalize 40 industrial assets totaling 2.3 million square feet, with properties 95 percent leased to 110 tenants.

Reported · Written up by our desk · Industry

Commercial Observer reports that a joint venture between Centerbridge Partners and Henderson Group has secured a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida.

J.P. Morgan Chase provided the five-year, floating-rate loan for the logistics portfolio, which spans 2.3 million square feet and includes a mix of last-mile warehouses, distribution sites, and shallow-bay facilities.

The properties feature buildings ranging from 16,000 to 155,000 square feet and are 95 percent leased to 110 tenants, with CBRE involved in negotiating the financing.

Commercial Observer adds that the parties did not immediately comment on the deal, and CBRE declined to comment.

More like this

Sources