Cushman & Wakefield Represents NorthBridge Partners In Securing $46.53M In Financing For Atlantic Infill Industrial Portfolio

Cushman & Wakefield‘s Florida Equity, Debt & Structured Finance team has closed a $46.53 million loan on behalf of NorthBridge Partners for a six-property industrial portfolio with buildings located in Virginia, Massachusetts and Florida.

Cushman & Wakefield’s Jason Hochman and Ron Granite represented NorthBridge Partners in securing the loan with BNP Paribas Asset Management, on behalf of its clients.

The Atlantic Infill Industrial Portfolio totals nearly 300,000 square feet and is over 90% occupied. It includes a diversified, roster of high-credit tenants, providing exposure across multiple industries and reducing reliance on any single sector. The properties are located within infill markets in Virginia Beach, VA; Woburn, MA; Boston, MA; Miami, FL; and Deerfield Beach.

“The Atlantic Infill Industrial Portfolio presented a compelling opportunity to secure financing on a collection of well-located assets backed by a strong and diverse tenant base,” said Granite, Cushman & Wakefield Director.  “We are pleased to have advised NorthBridge Partners in closing this transaction with BNP Paribas Asset Management, on behalf of its clients and delivering a financing solution that supports the sponsor’s ongoing strategy for the portfolio.”