Affinius Capital puts together loan for joint venture
Park 303 in Glendale now has funding to be a joint venture between Lincoln Property Company and Goldman Sachs Alternatives.
(Submitted)
Lincoln Property Company and Goldman Sachs Alternatives are part of a joint venture to finance Park 303, a 2.4 million-square-foot industrial property at 6600 N. Sarival Ave., in Glendale.
Affinius Capital LLC announced on March 25 that it has originated a loan for this joint venture.
The property consists of three buildings ranging in size from 483,000 to 1.3 million square feet. With 40-foot clear heights, 140-foot truck court depths and a combined 388 dock-high doors and 482 trailer stalls, the buildings cater to modern industrial and logistics tenants.
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BUSINESS
Financing comes together for Park 303 in Glendale
Affinius Capital puts together loan for joint venture
(Submitted)
Park 303 in Glendale now has funding to be a joint venture between Lincoln Property Company and Goldman Sachs Alternatives.
Posted
Lincoln Property Company and Goldman Sachs Alternatives are part of a joint venture to finance Park 303, a 2.4 million-square-foot industrial property at 6600 N. Sarival Ave., in Glendale.
Affinius Capital LLC announced on March 25 that it has originated a loan for this joint venture.
The property consists of three buildings ranging in size from 483,000 to 1.3 million square feet. With 40-foot clear heights, 140-foot truck court depths and a combined 388 dock-high doors and 482 trailer stalls, the buildings cater to modern industrial and logistics tenants.
Onsite amenities include a convertible basketball-pickleball court, outdoor games area, barbecue grills and outdoor eating area.
“Park 303 is strategically located along Phoenix’s heavily traversed Loop 303, which provides unparalleled access to major transportation routes like US-60, US-101, and I-10. We look forward to our continued relationship with Lincoln Property Company and Goldman Sachs Alternatives as they lease up this property,” stated Tom Burns, Affinius Capital managing director, in a press release.
Park 303 is situated in the Southwest Valley submarket of Phoenix, a busy location for distribution, e-commerce, manufacturing and logistics users.
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