Phillips of Largo Real Estate arranges a $43.5 million refinancing

Buffalo, NY Jack Phillips of Largo Real Estate Advisors, Inc. successfully arranged a $43.5 million CMBS loan to refinance a state-of-the-art 323,260 s/f industrial distribution center.

Built in 2022 and fully occupied, the modern facility features innovative automated racking systems and impressive 60-foot clear heights, positioning it among Buffalo’s premier logistics hubs. Strategically located with direct access to major highways and a CSX rail line, the property offers exceptional connectivity for regional and national distribution operations.

This transaction highlights the continued strength and growth of industrial real estate in the Buffalo market, driven by demand for high-performance logistics facilities and efficient transportation infrastructure.