August 24, 2020
Cushman & Wakefield advised Alfred Weissman Real Estate, LLC in obtaining an $80-million refinancing of 555 Tuckahoe Rd., a 435,000-square-foot warehouse facility fully-leased to a credit tenant in Yonkers, NY. The fixed-rate loan was provided by JP Morgan Asset Management on behalf of one or more investors.
A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Zachary Kraft and Meredith Donovan represented the borrower.
“JP Morgan was able to strategize and underwrite with our client during the depths of the COVID-19 crisis to provide a customized financing solution,” said Gil. “Financing for high-quality industrial product with credit tenancy and quality sponsorship remains exceptionally strong.”
555 Tuckahoe Rd. has direct access to numerous commercial transportation routes, including the New York State Thruway, New England Thruway, Cross Westchester Expressway, Bronx River Parkway, Saw Mill River Parkway, Sprain Brook Parkway and Hutchinson River Parkway.
For comments, questions or concerns, please contact Paul Bubny