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The 12-asset industrial portfolio is nearly 90% occupied. The 12-asset industrial portfolio is nearly 90% occupied.

PHILADELPHIA—Locally-based Arden Group has secured a $163-million floating-rate loan with BlackRock and CIT Group for the purchase and recapitalization of a 12-asset industrial portfolio in six major markets throughout the United States.

Arden Group is acquiring a portfolio of assets from Avistone of Laguna Niguel, CA. The portfolio is spread across San Antonio and Dallas, TX; Atlanta, GA and Columbus, OH.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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