Gantry secured a $30.5 million permanent loan to refinance maturing debt for a 603,000-square-foot warehouse facility in the Skyport Industrial Center at 7501 NW 106th Terrace in Kansas City, Missouri’s fast-growing Northland submarket.
The multi-tenant facility underwent a full renovation in 2023 and is now 100%-leased in a multi-tenant format for a range of logistics uses. Building specs include 32’ clear heights, 22,000-square-foot bay size, 135’ deep truck court, cross dock expansion capacity, and ready access to regional and national logistics infrastructure including Kansas City International Airport, I-29 and I-435.
Gantry’s Mark Reichter, Principal, with the firm’s Kansa City production office represented the borrower, a private real estate investor. The seven-year, fixed rate, non-recourse loan was secured through one of Gantry’s correspondent life company lenders and includes one-year of interest only payments transitioning to 30-year amortization. Gantry will service the loan for the lender.
