New York & Tri-State + Outer + Finance | March 27, 2023

Walker & Dunlop Lines Up Financing for $146M College Point Logistics Development

Walker & Dunlop Capital Markets arranged $94 million in construction financing toward development of Wildflower Ltd.’s $146-million College Point Logistics Center, a Class A logistics warehouse development located on the Whitestone Expressway in Queens’ College Point neighborhood. The company represented Wildflower Ltd. and joint-venture partner Drake Real Estate Partners to secure the floating-rate construction loan.

“This represents Wildflower’s eighth industrial project in Queens, and we are excited to watch College Point flourish in the years to come,” said Matthew Dicker, partner and CFO of Wildflower.

Set for completion in the second quarter of 2024, College Point Logistics Center will feature 81,000 rentable square feet of industrial space, 160,000 square feet of enclosed parking spanning two floors accessible via a ramp, and 68,000 square feet of surface parking and loading space.

Walker & Dunlop’s Capital Markets team was led by Jonathan Schwartz, Aaron Appel, Mo Beler, Ari Hirt, and Triston Stegall.

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Walker & Dunlop's SchwartzWalker & Dunlop's Appel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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