NEW YORK, NY – Commercial real estate investment and development firm, SomeraRoad has obtained a $525 million loan for the refinancing of a portfolio of 50 net-leased industrial properties.
The national portfolio totals 6.8 million square feet of space, spanning 40 unique markets across 27 states.
The portfolio is fully-leased with a weighted average lease term of nearly 13 years. The single-tenant assets are net-leased to a diverse mix of 35 companies that serve various industries. Each tenant has made significant capital investments in the properties.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
