Monday Properties and KPR Centers secured the $19.5-million refinancing of 1 Half Moon Bay Dr., a 118,911-square-foot single-tenant industrial distribution facility in Croton-on-Hudson, NY. JLL Capital Markets arranged the financing on behalf of the joint venture through Webster Bank.
The property is 100% leased through January 2032 to U.S. Venture, a leading national distributor of tires, petroleum products and lubricants. Locared in Westchester County, 1 Half Moon Bay Drive was purpose-built for tire distribution in 1995 and features 29-foot clear heights, 10 dock doors and two drive-in doors.
“1 Half Moon Bay Drive exemplifies the type of asset we seek to own and operate — a well-located, purpose-built facility with a strong, committed tenant and a long-term lease that provides durable cash flow,” said Adam Carr, CIO, Monday Properties.
The JLL Capital Markets Debt Advisory team was led by managing director Jillian Mariutti. Webster Bank originated the financing, led by senior managing director Michael Savarese.
The post Monday Properties, KPR Refi Fully Leased Westchester Industrial appeared first on Connect CRE.
