SparrowHawk & Almanac Secure $236 Million Acquisition Loan for EQT Industrial Portfolio
SparrowHawk and Almanac Realty Investors have teamed up to acquire a 20-property portfolio spanning six markets and totaling 4.4 million square feet of industrial space previously owned by EQT and valued at $400 million. The deal was financed by a $236 million loan(opens in new tab) provided by PPM America and is structured as a five-year, fixed-and-floating-rate mortgage.
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