Affinius Capital 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.
Perry Katz, Affinius Capital senior vice president, said, “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.”
Lower Bucks Logistics Hub comprises two class A industrial buildings. The north building encompasses 361,000 rentable square feet with rear loading, while the south building totals 453,000 rentable square feet with cross-dock loading. Each bui
