Newmark Facilitates Sale and Financing of 1.38-Million-Square-Foot Logistics Portfolio
Newmark Group, Inc. arranged the sale and acquisition financing of a 1.38-million-square-foot logistics portfolio across multiple U.S. metro areas. The portfolio was sold for $207.5 million and financed with a $150.9 million loan from Wells Fargo. The transaction highlights strong demand for prime logistics properties in key markets.
Topics: acquisition commercial property financing logistics real estate sale