(Read more on the industrial market and thedebt and equitymarkets.)
CARLSTADT, NJ-Rreef North America has picked up $29 million inrefinancing for its Meadowlands Distribution Center, asingle-story, 350,000-sf facility at 350 Starke Rd. here. The10-year, permanent fixed-rate loan was provided by the AllstateReal Estate Investment Group of Northbrook, IL, replacing existingconstruction financing on the property, which was completed on specthree years ago.
Located on 18 acres in the Meadowlands submarket, the propertyis currently 100% leased. As reported by GlobeSt.com, Rreefeffectively filled the building earlier this year by signing StoneSource to 89,000 sf and Creston Electronics to 53,500 sf. The twonew tenants joined MediMedia USA (143,000 sf) and BDI Laguna(64,000 sf) on site.
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