Grandbridge Real Estate Capital’s Kansas City office recently originated and closed two industrial/warehouse properties totaling $19.9 million. Tom Turner, Kansas City-based executive vice president with Grandbridge, closed the loans.
The first transaction was an $11 million permanent fixed-rate loan secured by Iron Mountain-Addison, a 234,057-square-foot industrial/warehouse property in Addison, Ill.
The second transaction was an $8.9 million permanent fixed-rate loan secured by Iron Mountain-Bensalem, a 170,561-square-foot industrial/warehouse property in Bensalem, Penn.
