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CBRE Arranges Refi on Louisville-area DC
CBRE Capital Markets’ debt and structured finance group has arranged a new $13-million refinance loan for the J. Knipper and Company’s distribution center in Charlestown, IN, near Louisville.
Doug Seylar in CBRE’s Minneapolis-based debt and structured Finance Group secured the loan on behalf of the borrower, 1250 Patrol Road, LLC, a subsidiary of Olympus Ventures. The 10-year loan offers a 30-year amortization and a fixed interest rate.
The distribution center, which spans 314,430 square feet, was built in 2016 and is fully occupied by J. Knipper, a pharmaceutical supplier based in Carlstadt, NJ. The building at 1250 Patrol Rd. in Charlestown serves as the company’s Midwest logistics hub.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
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