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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.


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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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