Gantry secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, modern, multi-tenant logistics facility at 3910 NW Helena Rd in Riverside, Missouri, a northwest suburb of Kansas City.
The property is strategically located for logistical efficiencies, with ready access to I-70, I-35, and I-29 via I-635. The building features 36-foot clear heights, ESFR sprinkler system, (36) 9’ x 10’ overhead dock doors and (4) 12’ x 16’ mechanically operated grade level drive-in doors, and dedicated parking for 88 trailers.
Gantry’s Mark Reichter, Principal, and Alec Frook, Associate, with the firm’s Kansas City production office represented the borrower, a private real estate investor. The seven-year, non-recourse, fixed rate loan was provided by one of Gantry’s insurance companies and features a 27–year amortization.
