New York & Tri-State + New York + Industrial | August 4, 2023

Axos Bank Refis 22-Property Industrial Storage Portfolio for $132M

A joint venture between Criterion Group and Columbia Pacific Advisors has arranged a $132.3 million refinancing for a 22-property industrial outdoor storage portfolio spanning 230 acres across nine states. Axos Bank provided the five-year, floating-rate loan.

These sites, averaging around 10.5 acres each, are located in prime distribution markets across the Northeast, Southeast, and Texas. The portfolio offers flexible use, including fleet parking, machinery storage, and shipping container storage.

JLL arranged the refinance on behalf of the borrower with a team led by Christopher Peck, Peter Rotchford, and Christopher Pratt.

Connect

Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

Order Reprints