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Cushman & Wakefield Arranges $26M for 850K-SF Industrial Portfolio in Pennsylvania
Cushman & Wakefield has arranged $25.5 million in financing for 100-200 Murray Drive, an 853,611-square-foot industrial portfolio in Warren, Pennsylvania.
Cushman & Wakefield’s Equity, Debt & Structured Finance team of Brad Domenico, Frank Stanislaski, and Ethan Thompson represented the borrower, Yisroel Cherns, in the transaction. “This deal highlights the strength of industrial assets in Northwestern Pennsylvania, where a central location, robust transportation access, and strong workforce fundamentals continue to attract a diverse tenant base,” said Domenico.
The two-building portfolio is strategically located with direct access to Route 62, connecting it to major transportation arteries including I-86, I-79, I-80, and I-90. The property features institutional-grade infrastructure, including high bay sections with clear heights up to 70 feet, heavy power, and 59 dock doors.
The portfolio benefits from a diverse and reputable tenant roster, including Cummins, Inc., Whirley Industries, and USA Medical Supplies. Recent leasing success has brought the property to 83% occupancy.
