Affinius Capital LLC has closed a $132.4 million loan to refinance Lower Bucks Logistics Hub, a newly constructed, two-building, Class-A industrial warehouse portfolio totaling 815,000 rentable square feet in Lower Bucks County, PA.
Affinius made the loan to a Joint Venture between an affiliate of Foxfield LLC, a Boston-based real estate investment and development firm, and a New York real estate private equity firm. The financing was arranged by Chad Orcutt and Michael Pagniucci of JLL.
Lower Bucks Logistics Hub is comprised of two Class A industrial buildings. The north building encompasses 361,000 square feet with rear loading, while the south building totals 453,000 square feet with cross-dock loading. Each building features 40-foot clear heights.
Affinius Capital Senior Vice President Perry Katz commented, “Lower Bucks Logistics Hub is a premier industrial warehouse portfolio designed to accommodate the evolving needs of modern logistics and distribution tenants. We are pleased to have successfully completed this transaction in a challenging marketplace.”
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