Gantry has secured a $32 million permanent loan to retire construction financing for Lenexa Logistics Centre North #5 located at 10901-10941 Mill Creek Rd in Lenexa, Kansas, a suburban submarket of the Kansas City MSA.

The fully leased property was completed in 2022 and encompasses 565,170 square feet of Class A warehouse space occupied in a multi-tenant format. It has immediate access to I-35, I-435, and Highway 10.

Gantry’s Mark Reichter, Principal, and Alec Frook, Associate, with the firm’s Kansas City production office represented the borrower, a private real estate investor. The 10-year loan was secured through one of Gantry’s insurance lenders and features a fixed interest rate and introductory interest-only period transitioning to a 30-year amortization.

“Industrial property, especially new construction like Lenexa Logistics Center, remains a favored asset class for Gantry’s extensive roster of insurance company lenders,” said Reichter.