Affinius Capital originates $85m loan for 814,000sf industrial facility in Virginia
Affinius Capital, formerly Square Mile Capital Management and USAA Real Estate, has originated an $85 million loan to facilitate the acquisition of an 814,000-square-foot industrial warehouse located in the Hampton Roads region of Virginia. The loan was made to Invesco Real Estate, a global real estate investment manager.
Eric Cohen, Affinius Capital managing director, commented, “We are big believers in the growth story in Norfolk, which is being driven by increasing demand and growing activity at the Port of Virginia. We continue to seek out opportunities to finance newly built, state-of-the-art industrial assets which we believe are well positioned in the market, and we are thrilled to partner with Invesco Real Estate on another investment opportunity.”
The Port of Virginia, which is just 26 miles from the property, serves as the third-largest container port on the East Coast and is recognized as the most efficient port in North America by The World Bank’s Con