Gantry secures $110M permanent loan for Bixby's six-property portfolio
Five single-tenant industrial buildings in Southern California and Texas are part of the collateral, along with Bixby's Newport Beach headquarters.
At a glance
Five single-tenant industrial buildings in Southern California and Texas are part of the collateral, along with Bixby's Newport Beach headquarters.
Gantry has secured a $110 million permanent loan to refinance a six-property portfolio for Bixby Capital Management, Connect CRE reported Oct.
All six assets are 100% leased, according to the report.
Gantry has secured a $110 million permanent loan to refinance a six-property portfolio for Bixby Capital Management, Connect CRE reported Oct. 7. Five are single-tenant industrial buildings in Southern California and Texas submarkets; the sixth is Bixby's headquarters office in Newport Beach, California.
All six assets are 100% leased, according to the report.
Northmarq research cited in this publication put second-quarter single-tenant investment sales at roughly $13.5 billion, up 19.1% year over year, with industrial at nearly two-thirds of that.
The Gantry deal team included senior director Stephan Coste, principal Andy Bratt and associate Nick Severson, according to Connect CRE.
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