Affinius Capital LLC announced the closing of a $76.25 million loan to finance the acquisition of Scotts Midwest Distribution Center, a 1.3 million-square-foot warehouse and distribution facility located in Marysville, Ohio.
The loan was made to Sculptor Real Estate, and the proceeds will be used to acquire the property and hold it long term. The financing was arranged by Ryan Kieser of CBRE.
“This is a premier, institutional-quality asset strategically positioned in an established industrial hub in the Columbus region,” said Affinius Capital Senior Vice President Tyler Figley. “We are proud to partner with Sculptor Real Estate on another acquisition.”
The property was developed in 2023 as a build-to-suit for The Scotts Company by Crawford Hoying and spans 1.3 million square feet, featuring cross dock configuration, 40’ clear heights, 120 dock doors, four drive-in doors, and 388 parking spaces. The facility is leased to The Scotts Company, a subsidiary of The Scotts Miracle-Gro company.
The post Affinius Capital Provides $76M in Acquisition Financing for Ohio Distribution Center appeared first on Connect CRE.