Dalfen Uses $52.9M Acquisition Loan to Buy Sparks Industrial Asset
Meridian Capital Group arranged $52.9 million in financing for the acquisition of a class-A industrial building in Sparks, NV. The loan was provided by a debt fund and was sourced by a Meridian team led by Morris Betesh. Dalfen Industrial was the buyer.
Located at 75 Pittsburg Avenue in Sparks, NV, the new construction, class-A industrial warehouse spans 489,440 square feet. The property benefits from its close proximity to the Reno-Tahoe International Airport as well as the Reno Transportation Rail Access Corridor (reTRAC).
In 2022, Meridian closed more than $55 billion in financing across more than 310 unique lenders. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California.
Dalfen says its places a special emphasis on last-mile facilities critical to e-commerce fulfillment.
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