Canyon Partners Provides Refi on Four-Building Elizabeth Industrial

Canyon Partners Real Estate LLC has provided a $67-million senior loan with Kurv Industrial to refinance Kurv Elizabeth, a Class-A industrial property in Elizabeth, NJ. The transaction was facilitated by CBRE.

Delivered in mid-2024, Kurv Elizabeth comprises four buildings totaling more than 278,000 square feet. Designed to accommodate a variety of industrial users, the property features flexible size offerings, rear-load configurations, and upgraded LED lighting. It offers convenient access to Interstate 78 and connectivity to Lower Manhattan and Pennsylvania’s Lehigh Valley.

“Kurv Elizabeth represents a compelling opportunity to finance a high-quality industrial asset in a strategically located market supported by connectivity and durable demand,” said Robin Potts, CIO of Canyon Partners. “We are pleased to build on our relationship with Kurv on this project, and we continue to see an attractive opportunity set across the industrial sector, particularly for well-located assets serving major population and logistics hubs.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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