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New York & Tri-State  + Fairfield/Westchester  + Industrial  | 

Monday Properties, KPR Refi Westchester Industrial

Monday Properties and KPR Centers secured the $19.5-million refinancing of 1 Half Moon Bay Dr., a 118,911-square-foot single-tenant industrial distribution facility in Croton-on-Hudson, NY. JLL Capital Markets arranged the financing on behalf of the joint venture through Webster Bank.

The property is 100% leased through January 2032 to U.S. Venture, a leading national distributor of tires, petroleum products and lubricants. Locared in Westchester County, 1 Half Moon Bay Drive was purpose-built for tire distribution in 1995 and features 29-foot clear heights, 10 dock doors and two drive-in doors.

“1 Half Moon Bay Drive exemplifies the type of asset we seek to own and operate — a well-located, purpose-built facility with a strong, committed tenant and a long-term lease that provides durable cash flow,” said Adam Carr, CIO, Monday Properties.

The JLL Capital Markets Debt Advisory team was led by managing director Jillian Mariutti. Webster Bank originated the financing, led by senior managing director Michael Savarese.

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JLL's Mariutti

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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