Northmarq arranges $85M refinancing of 17-building industrial portfolio in South Florida
Photo source: Northmarq
MIAMI LAKES, Fla. — Northmarq’s Miami Debt + Equity team led by Bob Harrington and Jeff Robertson successfully arranged the $85 million financing of The Graham Companies Industrial Portfolio, a 644,364-square-foot industrial/flex portfolio located within Miami Lakes, Florida.
Northmarq arranged financing on behalf of the borrower — The Graham Companies — through its correspondent relationship with State Farm Life Insurance Company. The fixed-rate financing is structured on a five-year term.
“This financing continues a longstanding relationship between The Graham Companies and Northmarq,” Harrington said. “This relationship goes back over 30 years, and we are pleased to be able to work with them again on this assignment. To close a portfolio of this scale in less than 50 days from executing the loan application takes a very sophisticated borrower and experienced borrower counsel, as well as a lender that is willing to work diligently to agree on mutually beneficial loan terms. We were fortunate to have all of these characteristics with this transaction.”
The Graham Companies Portfolio consists of 17 industrial flex/showroom and warehouse properties totaling more than 644,000 square feet across four business parks in Miami Lakes, Florida.
Situated in northwest Miami-Dade County, the assets provide convenient access to major transportation corridors connecting businesses to the broader Miami-Fort Lauderdale metro area. The area's central location, combined with longstanding barriers to new industrial development, continues to support strong demand for well-located industrial and flex space.
The scale of the portfolio provides tenants with a range of space options within one of South Florida's most established industrial submarkets, creating a diversified and durable operating platform.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
