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| Amy Lousararian |
BOSTON, MA – JLL Capital Markets has arranged $4.8 million in acquisition financing for a fully leased, 79,625-square-foot, single-tenant industrial warehouse leased to Vinylmax, LLC at 107 Pierce Rd. in the Albany-area community of Clifton Park, New York.
JLL worked on behalf of the borrower,
Vermont-based Redstone, to place the 10-year, fixed-rate loan with Bank of New
Hampshire.
The JLL Capital Markets Debt Placement
team representing the borrower was led by Senior Director Martha Nay and
Director Amy Lousararian.
Vinylmax, a window production and distribution
company headquartered in Hamilton, Ohio, has called 107 Pierce Rd. home since
2019.Martha Nay
Expanded in 2008, the building was constructed
in 1970 and features clear heights ranging from 18 to 28 feet, three docks,
four overhead doors and ample vehicle parking for 78 vehicles.
Situated on 6.16 acres, the 107 Pierce Rd.
facility is along Interstate 87 and has easy access to Interstate 90,
positioning the property in a strategic logistical location with connectivity
to large population centers, including Albany, Boston, Montreal, New York City
and Syracuse.
Additionally, both Albany International Airport
and Saratoga County Airport are within 15 miles of the property.
CONTACT:
Kimberly Steele
JLL Manager
Public
Relations
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com
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